Amphora becomes VAKT interface partner
Amphora, a market leader in oil commodity trading and risk management (CTRM), is delighted to become an interface partner with VAKT.
Chris Mudry, CEO at Amphora says: “VAKT offers the energy industry a genuine opportunity to streamline post trade processes. Such efficiency gains are long overdue in a market with increasingly tighter margins. With VAKT, we can see an industry standard quickly advancing downstream from BFOET, especially into the barging markets.”
Etienne Amic, CEO at VAKT comments: “VAKT is delighted to make this announcement alongside Amphora. VAKT considers interface partnerships a critical component in the development of our fast-expanding digital ecosystem as they allow seamless access to the VAKT services for our clients.”
Ivan O’Toole, Head of Sales and Marketing at Amphora, adds: “We are live with our first client using VAKT. VAKT is now a standard offering in our portfolio, with seamless integration to our Symphony trading and risk management platform. We are excited to become part of a growing digital ecosystem and will support our clients whenever they adopt VAKT.”
VAKT is a technology company re-imagining commodity post-trade processing by creating a secure, trusted ecosystem underpinned by blockchain. The VAKT platform improves security, efficiency and access to trade finance for market participants, addressing longstanding issues in the sector. VAKT was created and launched as an independent company in December 2017 through an exceptional level of cooperation between energy market participants. Companies from energy majors BP, Equinor and Shell; independent traders Gunvor, Koch Supply & Trading and Mercuria; and banks ABN Amro, ING and Société Générale, many of which became the platform’s first users. “VAKT” is a Scandinavian word for guard.
VAKT established its head office in Canary Wharf, London. For more information, please visit or contact: [email protected]
Chris Bowman, Aspectus
+44 207 2428867
Amphora provides robust and highly scalable multi-commodity trading, risk management, accounting and shipping solutions to support the energy industry. Amphora empowers clients to streamline their operations, reduce transaction costs and manage their financial and physical business on a single platform.
For more information, please contact: [email protected]