[kictanet] Commodity Exchange System - Revisited

[robert yawe]

Hi Listers,

About 9 month ago (human gestation period) I mentioned the need for developers 
to start looking into the development of a futures exchange system and as always 
is with the village madman I was dismissed.

On Wednesday 8th June 2011 the Capital Markets Authority advertised for a 
futures exchange system, rfp is open to both international and local vendors.

Regards

Hi,

The National Cereals and Produce Board together with the East African Grain 
Council are working towards the creation of a commodity exchange to trade 
futures.

This process is at an advanced stage which begun with a process called warehouse 
receipting and currently Equity Bank offers credit against the receipts.

What does this have to do with us in the IT field?  When the Nairobi Stock 
Exchange tendered for the automated trading system (ATS) and more recently for 
the Broker Back-office System no local IT company made it past the 1st round.  

The fact that companies like Virtual City are winning international awards for 
systems development and others like PesaPal  are receiving large direct foreign 
investments means that we do have the skills to develop world class solutions.

This is an appeal to all ICT experts in the country to prepare ourselves to make 
sure that the grain exchange system is locally developed and we stop being 
spectators in our own country.  I know it is said that a prophet is 
never recognised in his own town, it is time we made this phrase redundant.

NCPB and others are already shopping overseas for a solution so be warned that 
time is not in our hands and if we are to have an impact we need to move 
quickly.

The proposed system is supposed to provide a trading platform, depository 
system, GIS for land information, settlement system, warehouse management, 
weather monitoring and seed planting information system (acreage, seed type, 
fertiliser, etc).

Lets get off our high horses and put a  together a world class solution for a 
local problem.  No tears after the horse has bolted.

Useful links

http://dn.nationmedia.com/DN/DN/2010/09/03/ArticleHtmls/03_09_2010_030_014.shtml
http://allafrica.com/stories/200904271171.html
http://www.ratin.net/mainfeature.asp?id=40
http://www.monitor.co.ug/Business/Smart%20Money/-/688614/899436/-/bypmdxz/-/index.html

http://www.unctad.info/upload/SUC/LusakaWorkshop/WarehouseServicesKenya.pdf

 Robert Yawe
KAY System Technologies Ltd
Phoenix House, 6th Floor
P O Box 55806 Nairobi, 00200
Kenya


Tel: +254722511225, +254202010696
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