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Article: GateTrade eyes palm oil deals, BUSINESS TIMES
- Article from:
- Business Times (Malaysia)
- Article date:
- March 29, 2003
- Author:
CopyrightProvided by ProQuest LLC. (Hide copyright information)
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00-00-0000
US-BASED GateTrade Inc is optimistic that its electronic online real-
time trading for commodities will be accepted as its revenue is expected
to exceed US$60 million (US$1 = RM3.80) for the fifth year.
President and chief executive officer Susan Tan Luo told Business
Times that the online trading system allows palm oil buyers and sellers
to save about 30 per cent in transaction costs.
She said the company's online system is targeted to capture about
20
per cent of all palm oil trades in the next five years.
"The timing of our system coincides with the high-speed broadband
infrastructure already in place which provides players in the industry
with a transparent and ...
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