Trading physical coal can be complex due to the number of specifications
within the coal products that can impact a deal. Additionally,
large assignments of coal that are traded via established markets
can leave customers with leftover quantities of coal where the specification
and weight make it extremely hard to sell.
Predira asked us to build a product to provide a more effective way for traders to communicate and agree on coal specifications when trading, and to also fill the gap left by the established markets by providing a means for customers to buy and sell their odd leftover lots of coal.
In partnership with AnySpec, a logistics specialist for the Australian coal industry, we created a product to allow for the negotiation and agreement of physical coal trades for six distinct coal specifications.