17. April, 2019

Fetch.AI welcomes a team of expert commodity trading advisors

Abe Ulusal, Phillip Price and Jonathan Fish join Fetch.AI’s advisory board

Abe Ulusal is the former chairman of the London Metal Exchange Steel Committee and has a strong understanding of both physical and paper markets, having worked as an analyst, physical trader, and risk manager in industrial metals for more than 17 years. Abe specialises in new business and international project development in the industrial commodities sector. He is an executive director at Mitsui Bussan Commodities Limited, where he initiated and developed the company’s ferrous risk management business. Mitsui Bussan Commodities is a member of the London Metal Exchange and provides pricing and risk management services in base metals, steel and iron ore on a global basis.

Phillip Price is deputy chairman of the London Metal Exchange Steel Trading Committee and works closely with other exchanges, including SGX, CME Group and Nasdaq, to deliver solutions for the iron and steel industry. He is a founding partner of Ferrometrics LLC, a company that specialises in developing liquidity in nascent derivatives markets for customers seeking to enhance their business. Prior to Ferrometrics, Phillip was Head of Risk Management & Derivatives Trading for Stemcor, one of the largest steel trading firms in the world. Here, he designed a wide variety of derivatives-backed strategies before, during and after the group’s restructuring. Previously, Phillip was Head of Steel for London Metal Exchange and Steel Editor for Metal Bulletin.

Jonathan Fish has spent his professional career trading and marketing a wide variety of commodities. Jonathan began at EDF Trading, a large European energy trader, focusing on renewable energy credit trading and later on, carbon emissions. In 2006 he moved to Goldman Sachs where he broadened the products he focused on, managing risk positions in a wide variety of exchange traded products including uranium, carbon, iron ore, coal, fx and interest rate products. In 2015 Jonathan was part of the founding team that established Javelin Commodities Trading, a highly successful coal trading house, where he was responsible for a variety of trading activities including SGX iron ore and coking coal.

Fetch.AI chief executive Humayun Sheikh said, “We are very excited that Abe, Phillip and Jonathan will be joining Fetch.AI as advisors. Our ambition is to commoditise several products which trade very inefficiently today. Fetch.AI’s decentralised network utilises machine learning and AI to enable greater efficiency and better risk management. It will also make way for improved transparency in several sectors like energy, hospitality, travel and transport. Abe, Phillip and Jonathan’s expertise will help us realise these ambitions.”

About Fetch.AI

Fetch.AI delivers a groundbreaking economic internet that enables emergent solutions to complex problems. Fetch.AI delivers a unique, decentralised digital world that adapts in real-time to enable effective, friction-free value exchange. Powered by innovations such as the smart ledger, Fetch.AI has digital intelligence at its heart: delivering actionable predictions, instant trust information, enabling the construction of powerful collaborative models, improving efficiencies and streamlining processes.

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