Global Commodity Technology Association (GCTA) Launched to Support Physical Commodity Sector’s Modernization Efforts

Denver, Oct. 01, 2019 (GLOBE NEWSWIRE) — Motivated by a desire to evaluate and accelerate digitization opportunities in the global agricultural commodity industry, the Global Commodity Technology Association (GCTA) has launched and named financial services industry veteran David Lehman as its Managing Director. The new international, not-for-profit association’s mission is to support stakeholders along the supply chain who are focused on enhancing the efficiency of their internal trading processes and standardizing post-trade execution. Mr. Lehman commented: “Commodity trading remains a manual industry that is nearly completely reliant on paper processes for contracting, invoicing and payments. To remedy this, we need stakeholders from across the supply chain to collaborate on priorities and solutions to bring the physical trade into the digital age. We’re excited about the GCTA’s potential to accelerate some of the existing initiatives underway and ultimately work to reduce costs and increase efficiency.” Throughout his more than 30 years in the industry, Mr. Lehman has played key roles in commodity market research and education at some of the world’s leading derivatives marketplaces. Prior to forming his own firm, he was Managing Director, Research and Product Development at CME Group. In that role, he helped lead the development of new financial… continue reading

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Source: CTRM Center

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