Sinara delivers Inventory Management system for Euronext

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London, 18th July 2018

UK software house Sinara Consultants, a specialist in IT systems for exchanges and their member firms, has successfully built an Inventory Management system for Euronext’s commodities business.

Euronext Inventory Management (EIM) supports the digitisation of documents of title for physical commodity products. Sinara developed EIM for Euronext to meet the needs of market participants, silos and trade finance banks across the pan-European marketplace. EIM is designed to provide a simpler and auditable workflow for all the system’s users and which supports a secure, fully transferable, pledgeable title of commodity ownership.

Nicholas Kennedy, Head of Commodities at Euronext, comments: “Sinara quickly engaged with our business and IT teams to deliver the initial system within a short timescale. The end result has been a system which is increasing in use amongst our client base, and which we expect will support the introduction of digital Euronext warrants for agricultural commodities users (brokers, clients, silos and banks) to facilitate the trading and financing of listed commodities.”

Sinara Director, Gary Hughes adds: “We are delighted to have developed this strategically important new IT system for Euronext. Sinara has long experience of building software systems for exchanges to help them launch new products and services to their members and clients. We understand the specific challenges of working with exchanges and how to meet the high quality and security standards for such systems.”

About Sinara Consultants Ltd.

Established for over 30 years, Sinara is a London-based software house building highly integrated, supported, and managed software solutions for clients across the financial markets. A trusted software partner to leading global exchanges and trading firms, Sinara helps clients achieve business goals and streamline operations in fast-moving environments.

  • Deep specialist knowledge around the trade lifecycle, particularly in metals markets
  • Modular and customisable solutions, with accelerated implementation using tried and tested building blocks.
  • Engineers and technical experts who take pride in building new trading solutions, often solving tough business and technical challenges and committing to getting the job done.
  • Solutions designed from the outset to be 100% supportable, sustainable, and robust. Sinara delivered systems are in production for many years, growing and changing over time. Sinara’s team of support professionals have in-depth understanding of all Sinara systems and provide clients with a trusted, dependable resource.

Contact Sinara

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