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Singapore 23/04/2015:

A Flying Start to 2015: JustCommodity Selected by Vitra Commodities to Manage Rubber Business


JustCommodity Software Solutions, the leading Commodity Trading and Risk Management (“CTRM”) solutions provider, announced today that their flagship software CxCtm, was selected by Vitra Commodities to manage the company’s rubber trading business

Over the past decade, Vitra Commodities has rapidly expanded across the rubber commodity sphere through trade in the various grades of rubber from high grade RSS (Rubber Smoked Sheets) to the more common grade TSR (Technical Specified Rubber). By maintaining impeccable quality and trading standards to a global list of customers and operating under the helm of veteran rubber trading firm Singapore Tong Teik, Vitra Commodities has become a pioneer rubber trading firm in Singapore.

More importantly, Vitra’s position in Singapore has given the company an added advantage. With the ASEAN region accounting for 75% of global production and more than 86% of global exports, Vitra Commodities has need of a complete solution that is capable of managing positions, risk exposures, operations and logistical requirements across the rubber value chain within ASEAN and abroad. Vitra Commodities therefore selected JustCommodity’s flagship software solution, CxCtm, to fully leverage upon their location in Singapore and grow their operations worldwide.

“Through our evaluation for a logistics operations and trade management solution JustCommodity was the best choice commented Wilson Widjaja Director of Operations. With the significant growth in the volume of trade, a simple automated solution would have been inadequate to deal with the complexities of the business like progressive price fixing. JustCommodity, provided us with a complete Commodity trading and risk management solution that will not only manage the operational and logistical requirements of rubber trading but also allow us to leverage upon volatility and operational discrepancy throughout the supply chain. They are fully aligned to our strategic goals and will serve as a critical enabler for us to succeed as a major rubber trading business.”

Joel Lou, CEO, JustCommodity said  “JustCommodity is proud to work with Vitra Commodities. Over the past decade we have developed a keen domain knowledge into the rubber trading sphere that allows us to provide Vitra with valuable insights for strategic decision making. Through constant innovation and maximising efficiencies we will strive to make Vitra a market leader in the trade of rubber”.

To learn more about JustCommodity’s CTRM solutions, please visit www.justcommodity.com



About: Vitra Commodities

Vitra Commodities Pte Ltd is a leading Singapore rubber trading company founded by veteran rubber traders Mr. Oei Hong Bie and Mr. Oei Jen Tiauw in 1986.  Since its inception, Vitra has rapidly expanded its trade in natural grades of rubber such as TSR, RSS and Latex. Under the helm of veteran rubber trading firm- Singapore Tong Teik, Vitra Commodities services a global list of customers and trades in all kinds of natural rubbers.


About JustCommodity Software Solutions

JustCommodity has established itself as the leading Commodity Trading and Risk Management software solutions provider for the soft commodity sector, servicing some of the largest trading firms worldwide, including Forbes Global 2000 and Fortune 500 companies.

Incorporated since 2002, JustCommodity has developed deep domain knowledge in the physical commodity markets, providing industry-focused solutions that meet the real-world business challenges of its clients.  Embedding industry best practices for trading, logistics, and risk management into its product, ContraXcentral™; coupled with dynamic real-time reporting tools, has yielded one of the most powerful Commodity Trading & Risk Management solutions in the industry.

Leveraging on this unique expertise, JustCommodity has expanded its value proposition to the market by offering specialized consulting and advisory services, “Global Thought Leadership”, contract execution and risk management into a single enterprise wide solution suite.