... Marketplaces: A Modern Solution for Raw Material Trading Can you buy petroleum products in bulk today as easily as ordering a book from an online store? Just a short while ago, such a level of convenience seemed impossible in the wholesale raw material trade. Today, it is a reality: these platforms are rapidly gaining popularity within the business community. Transactions on marketplaces occur online, quickly and transparently, saving time and money for all participants. Let's explore what these platforms entail, how they work, their advantages ...

... transaction when trading products and significant communication costs between customers and sellers Calculating an effective trade takes time. Depending on the selling company, this time ranges from several hours to several days. Due to imperfect business ... ... solve the above problems. According to the authors, the most reasonable and modern approach is the development of a digital platform, which will provide solutions to solve the above problems. The availability on the market of such a tool for selling ...

... commodity trading solve today. They are becoming hubs for audiences, offering a variety of informational services that allow consumers to solve a wide range of business tasks. How Digital Solutions Help Market Participants Currently, several online platforms for fuel trade are available, such as "Webneft" by Gazprom Neft, "Fuel Portal" by Tatneft, or FUEL MARKET by DECO. These are essentially e-commerce sites for companies offering their own fuel or logistics and credit services. However, there ...

... without reference to Western centers. It remains to be seen how actively the new market will integrate into the global system and whether it can attract substantial international liquidity. Nonetheless, the mere fact of the emergence of an alternative platform already creates a precedent: global gold trade is no longer a monopoly of London and New York. In the long term, as ties between BRICS countries strengthen and trust in new mechanisms grows, the role of eastern and southern markets in establishing precious metal prices is expected to increase....

... are transformed into algorithms. — Is it possible to scale the model to other product categories? — Yes, of course, because we are not only dealing with oil products. Last year, as part of business diversification, we created a company that trades in grain. We initially designed the platform so that we could add any product as an SKU (stock keeping unit). For example, grain, non-metallic materials, and more. And we can apply the same model to trade in all these goods. Translated using ChatGPT