What Goes Up

What Goes Up


Disrupting Brokerage

September 22, 2017

Since 2008, Jos Evans has been trading commodities. Few people on the planet know as much as he does about iron ore. In his trading career, he grew frustrated with the arcane world of Inter Dealer Brokers, the ~$6 billion industry that anonymizes transactions so that traders buying or selling large blocks of assets don't get front run by purpose-built algorithm robots that run around looking for big trades. Traders need the IDBs, but in the trading world, they are relative dinosaurs. Trades are placed on chat and messenger tools, and the IDB relies on humans to gather information from buyers and sellers. Jos and his AI-X team have a new solution, based on artificial intelligence. In this episode, Jos talks about the AI Exchange and about what's happening with commodities today.