Article: GateTrade eyes palm oil deals, BUSINESS TIMES

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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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