National Mercantile Exchange
namex.orgA commodity exchange within Moscow Exchange Group. It organizes agricultural commodity trading and calculates price indices.
The challenge
Create price benchmarks for Russian agribusiness and launch paid information products for companies, while also developing commodity auctions and automating bid processing.
My contribution
- I led methodology work with 1 direct report and coordinated colleagues and contractors.
- I launched price indicators to provide market benchmarks and developed the methods used to calculate them.
- I researched the market and client needs, then used that research to launch paid information products.
- I developed commodity auctions and coordinated trading and client-facing teams.
- I coordinated the development and implementation of a system to automate auction bid processing.
The outcome
I launched 10+ price indicators and 2 paid information products serving 30+ B2B clients. During my time at the exchange, auction participation grew from 2 to 400+, the product range reached 200+ items and delivery locations reached 50+. After the bid processing system was introduced, the number of bids increased more than 2-fold. Below are versions of the methodologies I worked on and a sample dashboard of price indices.
