How to Streamline the Online Trading Process
The traditional commodity sales cycle and buying model is outdated. Although this may seem like a daunting thought, it opens the door to a streamlined trading process that saves you time. How? Let’s take a look.
An online trading platform is a virtual marketplace for the buying and selling of certain items. These platforms can facilitate cost-effective trading and more efficient transactions through the elimination of third-party intervention.
With an online physical trading platform like that of SwapX’s, the online trading process can be streamlined, which can offer significant advantages for both buyers and sellers.
Benefits for buyers and sellers
Here are the benefits of an online physical trading platform for both sellers and buyers.
For buyers
- Reach new customers
- Lower storage and security costs
- Negotiate transactions directly with reliable buyers
- Reduce time between mining, and cash to cash cycle
For sellers
- Quality assurance
- Market intelligence
- Certified ownerships
- Take advantage of market fluctuations
Aside from the above, doing away with a more conventional approach and adopting the use of an online trading platform enables users to effortlessly access buyers or sellers on a global scale. There are also no restrictions on how you trade – you reach out to a seller how you want to, and when you want to.
How SwapX’s physical commodity trading platform works
SwapX’s advanced platform enables certified producers and consumers of Chrome ore products to deal directly, regardless of time zone and location. This works through a sleek five-step process.
Step 1: Register
First off, one must complete the online registration as either a buyer or seller.
Step 2: Vetting
Once the applicant has completed and submitted the registration form, strict due diligence processes will be conducted on all producers and consumers to provide ultimate peace of mind and security.
Step 3: Search
Once vetting has been completed, sellers will be able to create listings based on product availability, and buyers will be able to create listings based on the quality and quantity required.
Step 4: Notification
Once listings have been created, buyers and sellers will receive real time automatic alerts that match supply with demand.
Step 5: Deal Direct
Buyers and sellers will now be able to deal directly via a live trading environment 24/7, with no third-party intervention.