{"id":408860,"date":"2021-01-05T14:03:27","date_gmt":"2021-01-05T19:03:27","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=408860"},"modified":"2021-01-05T14:03:27","modified_gmt":"2021-01-05T19:03:27","slug":"business-leaders-early-stage-investors-announce-the-formation-of-global-smart-commodity-group-gscg","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/business-leaders-early-stage-investors-announce-the-formation-of-global-smart-commodity-group-gscg\/","title":{"rendered":"Business leaders, early-stage investors announce the formation of Global Smart Commodity Group (GSCG)"},"content":{"rendered":"<div class=\"mw_release\">\n<p>CHICAGO, Jan.  05, 2021  (GLOBE NEWSWIRE) &#8212; A group of industry veterans and early-stage investors today announced the formation of Global Smart Commodity Group LLC., a groundbreaking new commodity exchange. GSCG has also announced the rollout of Phase 1 of their Exchange platform for trading in a beta environment.<\/p>\n<p align=\"start\">GSCG plans on delivering a price discovery mechanism through an enhanced exchange trading platform utilizing blockchain technology, Smart Contracts, and digital assets. Furthermore, GSCG announced that it is committed to offer trading on its platform that is focused on sustainable, socially conscious products which meet the needs not only for today, but for the economy of tomorrow.<\/p>\n<p align=\"start\">\u201cAside from the migration from floor to screen, the capital markets haven\u2019t seen significant changes in the way we trade, settle and clear markets for generations,\u201d says Jack Bouroudjian, Chairman of GSCG. \u201cGSCG will introduce a new type of exchange which can harness the power of blockchain technology in a way which will disrupt and enhance both price discovery and supply chain management.\u201d He continued, \u201cWe believe the time is right for GSCG to bring the right idea, to market, and we have the right team in place to bring that about. What we are doing with Smart Contracts, tokenized settlement and blockchain technology will set the stage for the evolution of spot and derivatives exchanges around the world.\u201d<\/p>\n<p align=\"start\">Bouroudjian is the former President of Commerzbank Futures and three-term member of the Board of Directors of the CME Group. While on the Board at CME Group, he was instrumental in the creation of futures and options for the Midcap 400, Russell 2000, GSCI and the entire E-Mini concept.<\/p>\n<p align=\"start\">GSCG has appointed Robert Alberghine as CEO. Alberghine, a former hedge fund manager with over 25 years in trading and creating liquidity said, \u201cI am overly excited to be working with Jack and the team to create a platform which will provide the industry with cutting edge technology for the spot and derivatives markets. As a career trader, I have an appreciation of what is necessary to build an effective marketplace and optimal platform functionality.\u201d Alberghine added, \u201cThe processes which we are building for the trading community will enhance central price discovery utilizing blockchain technology to deliver all the vital data on a \u2018single source of truth\u2019.\u201d<\/p>\n<p align=\"start\">About GSCG:<\/p>\n<p align=\"start\">Global Smart Commodity Group is a spot commodity exchange founded in 2019. We use blockchain technology and tokenized settlements to list socially conscious and sustainable commodities up on our platform. Based in Chicago, we are able to create a global market of products for the next generation.<\/p>\n<p align=\"start\">Please visit us at\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=qGblnMRgBcgdd_VRQlLCe51Qcy9TLzsMNnH-xgoFz2pE7wAMfPviS8jJsWOI0mq9D-wYDqJRaS8uxc7kzZG1TMES8xbLnDgGprWeQcX6vxA=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">smartcommoditygroup.com<\/a><\/p>\n<p align=\"start\">Feel free to contact us at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=HmBnQ1QuTl1QgCT-ZAcsed97ZgP4drTSpZJvvsaD_jBTaCsfyWJ2roYALa5glBYwTC3QBBNtYYsXnqRdHEwQybpjkHbCb4Fq3RhqZRauyFaduouXY1qZmIr1vJqtGP2l\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">info@smartcommoditygroup.com<\/a> or 888-312-4724 if you would like more information.\u00a0\u00a0<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyMDk1NyMzOTA1NTc1IzIxOTQ3ODg=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/0dac373e-e5f4-47af-9bb7-0888e666b5d1\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>CHICAGO, Jan. 05, 2021 (GLOBE NEWSWIRE) &#8212; A group of industry veterans and early-stage investors today announced the formation of Global Smart Commodity Group LLC., a groundbreaking new commodity exchange. GSCG has also announced the rollout of Phase 1 of their Exchange platform for trading in a beta environment. GSCG plans on delivering a price discovery mechanism through an enhanced exchange trading platform utilizing blockchain technology, Smart Contracts, and digital assets. Furthermore, GSCG announced that it is committed to offer trading on its platform that is focused on sustainable, socially conscious products which meet the needs not only for today, but for the economy of tomorrow. \u201cAside from the migration from floor to screen, the capital markets haven\u2019t seen significant &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/business-leaders-early-stage-investors-announce-the-formation-of-global-smart-commodity-group-gscg\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Business leaders, early-stage investors announce the formation of Global Smart Commodity Group (GSCG)&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-408860","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Business leaders, early-stage investors announce the formation of Global Smart Commodity Group (GSCG) - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/business-leaders-early-stage-investors-announce-the-formation-of-global-smart-commodity-group-gscg\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Business leaders, early-stage investors announce the formation of Global Smart Commodity Group (GSCG) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"CHICAGO, Jan. 05, 2021 (GLOBE NEWSWIRE) &#8212; A group of industry veterans and early-stage investors today announced the formation of Global Smart Commodity Group LLC., a groundbreaking new commodity exchange. GSCG has also announced the rollout of Phase 1 of their Exchange platform for trading in a beta environment. GSCG plans on delivering a price discovery mechanism through an enhanced exchange trading platform utilizing blockchain technology, Smart Contracts, and digital assets. Furthermore, GSCG announced that it is committed to offer trading on its platform that is focused on sustainable, socially conscious products which meet the needs not only for today, but for the economy of tomorrow. \u201cAside from the migration from floor to screen, the capital markets haven\u2019t seen significant &hellip; Continue reading &quot;Business leaders, early-stage investors announce the formation of Global Smart Commodity Group (GSCG)&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/business-leaders-early-stage-investors-announce-the-formation-of-global-smart-commodity-group-gscg\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-05T19:03:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyMDk1NyMzOTA1NTc1IzIxOTQ3ODg=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/business-leaders-early-stage-investors-announce-the-formation-of-global-smart-commodity-group-gscg\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/business-leaders-early-stage-investors-announce-the-formation-of-global-smart-commodity-group-gscg\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Business leaders, early-stage investors announce the formation of Global Smart Commodity Group (GSCG)\",\"datePublished\":\"2021-01-05T19:03:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/business-leaders-early-stage-investors-announce-the-formation-of-global-smart-commodity-group-gscg\\\/\"},\"wordCount\":461,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/business-leaders-early-stage-investors-announce-the-formation-of-global-smart-commodity-group-gscg\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODEyMDk1NyMzOTA1NTc1IzIxOTQ3ODg=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/business-leaders-early-stage-investors-announce-the-formation-of-global-smart-commodity-group-gscg\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/business-leaders-early-stage-investors-announce-the-formation-of-global-smart-commodity-group-gscg\\\/\",\"name\":\"Business leaders, early-stage investors announce the formation of Global Smart Commodity Group (GSCG) - 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