December 2016

Case Study :

A Commodity Exchange in China -- Part 2 of 2

Review :

The Customer. Our case subject is a commodity exchange located at a Pilot Free Trade Zone in the South China Region. To protect its privacy, our customer has requested that we write this story under a disguised name. We honor that request and from here on out, will simply refer to it as CSCE, short for Case Study Commodity Exchange. CSCE’s commodity businesses primarily include: actuals auction trading and information publication of all kinds of industrial products, agricultural products, forest products, chemical products and machineries, etc.; warehouse and logistics services; imports and exports; information consultation and services; Internet technology application research and development, consultation and services.

Background : Commodity Exchange. A commodity is a reasonably interchangeable good or material, bought and sold freely as an article of commerce. Commodities include agricultural products, fuels, and metals and are traded in bulk on a commodity market. Most commodity markets across the world trade in agricultural products and other raw materials (like wheat, barley, sugar, maize, cotton, cocoa, coffee, milk products, pork bellies, oil, metals, etc.) and contracts based on them. A commodity exchange is an entity, usually an incorporated non-profit association, which determines and enforces rules and procedures for the trading of commodities and related investments; where various commodities and derivative products are traded.

Challenge : Provide High-Availability Trading System. Based on e-commerce technologies, the CSCE trading platform combines commerce with trading, it facilitates transactions such as inquiry, order, order match, clearing, settlement, and delivery, which requires interaction with various banking systems, logistics systems, risk management systems, information publication systems, just to name a few. The commodity trading system operates on a real time basis through online means. Farmers, exporters, importers, and traders are the main participants on this platform. These and other transactions are mission-critical to CSCE, they generate and utilize large volume of data around the clock on daily basis, and they rely on a dependable system that is available 7*24.

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