Barchart’s President Eero Pikat talks redesigns, data and world-class champagne!

Noam Stiekema

Barchart and I have a history of sorts. Albeit a rather short one, Barchart and sub-brand InsideFutures; were two of the first sites I started guest blogging on many moons ago. Meeting the team at their recent FinTech Exchange 2016 event in Chicago a few weeks ago, was to be honest; a little sentimental. I felt quite proud of […]

Eero Pikat Barchart President

Barchart and I have a history of sorts. Albeit a rather short one, Barchart and sub-brand InsideFutures; were two of the first sites I started guest blogging on many moons ago.

Meeting the team at their recent FinTech Exchange 2016 event in Chicago a few weeks ago, was to be honest; a little sentimental.

I felt quite proud of myself all these years later, to be sitting around a dinner table with Barchart’s team and other industry leaders, sipping a world-class glass of champagne (or six, I mean; who’s counting anyway).

It turns out that they are the coolest bunch of folk who are pumping out amazing products, who love a good time and know how to get things done. With a very loyal user base and some amazing brands under their umbrella, I sat down with Barchart’s President, Eero Pikat to discuss what’s coming next.

As a side note, my iPhone believed Eero to be quite the industry example and embarrassingly enough auto-corrected his name to Euro on one of our email exchanges. Nice.

What’s new?

We’ve got a lot of projects we’re working on. We’re about to launch a complete redesign of our flagship website, www.barchart.com. We’ve been working very hard on that for close to a year now.

What we’ve found is that rebuilding a site is a lot of work for a site that’s been in continual development for a decade. There’s just a tonne of content that needs to be re-engineered.

We’re also on phase two of our launch of grains.com, adding in order matching for OTC grains. We’re continually building our universe of cash grain data.

We’ve rolled out a lot of great features, like free text alerts, and are really excited about this product.

OK, so nobody is perfect. What is the biggest thing you can improve on from last year?

Project Management and focus has been a key concern for us starting Q3 of 2015. We were starting to take on too many projects, and were starting to lose focus simply because we didn’t have the resources needed to support such a large project load.

We are much closer to launching our products now, largely due to a series of organizational restructures that have immensely helped our productivity.

Funniest thing/ incident that happened in the office? Any cringe / epic fail moments?

Well, let’s just say that on Fridays, we start drinking champagne, the real stuff, around 3 in afternoon. By 5pm, there’s lots of cringe worthy moments, every week.

If we were sitting here in one year from now having this conversation, what is the biggest thing you would hope to have achieved?

A year from now, if we can help revolutionize the way that producers market and sell their grain, I would consider that an immense success.

Even if the market structure remains largely like it is today, I think that in a year, there will still be a significant number of farmers and grain merchandisers using our platform, and that would be great.

I really think that we can help bring the agricultural community into the modern world, in terms of grain marketing.

Currently they’re using a call around market, things are still done on paper, and the shoebox, for many, is the standard storage container for records and receipts.

This has got to change, and I hope that we can lead that change.

Read this next

Retail FX, Uncategorized

Robinhood CEO eyes billion-dollar revenue as crypto volumes surge

Robinhood has observed a 75% MoM rise in cryptocurrency trading volumes in November, marking a reversal from its previous trend. According to an SEC filing on December 4, this boost contrasts with flat trading volumes in equity and options contracts during the same period.

Digital Assets

Bloomberg, Hashdex expect SEC’s imminent approval of Bitcoin ETFs

Hashdex, an asset manager among the 13 contenders for launching a spot Bitcoin exchange-traded fund (ETF) in the United States, anticipates the debut of the first spot Bitcoin ETF by the second quarter of 2024, with a spot Ether ETF expected to follow.

Industry News

Witness the intensifying competition as UF AWARDS MEA 2024 nominations persist!

The countdown is on, with less than two weeks remaining to nominate outstanding brands for this prestigious event, culminating in the highly anticipated ceremony during iFX EXPO Dubai 2024 in January.

Retail FX

Saxo Bank’s FX volumes rise despite overall lackluster turnover

As many currency markets saw a relatively active period in November, Copenhagen-based Saxo Bank reported its monthly metrics, which showed a moderate rebound month-over-month.

Market News

S&P 500 Rally Faces Abrupt Halt: Analysts Assess Market Signals

The S&P 500, a benchmark index tracking the stock performance of 500 of the largest US companies, has ignited a flurry of discussions among financial analysts due to its recent performance.

Interviews

TraderEvolution at FMLS:23: Andrew Saks on how brokers can go multi-asset

In an insightful interview with FinanceFeeds, Andrew Saks of TraderEvolution Global discussed the industry’s evolution towards multi-asset trading. He highlighted challenges in integrating diverse asset classes and the importance of API connectivity. Andrew also touched on emerging trends in options, futures, and fixed income, underscoring the need for adaptable trading technology in today’s dynamic market.

Market News

Powell’s Pivot Navigating the Dynamics of USD, Interest Rates, and Market Expectations

Federal Reserve Chair Powell has signalled a decisive end to the cycle of interest rate hikes for the USD.

Market News

Inflation Concerns, Policy Divergence, and Market Sentiments in the UK

Amidst the recent global revaluation of inflation, Megan Greene, a steadfast MPC member, advocates for a proactive stance. Addressing concerns in Leeds, she calls for an upward adjustment of the Bank of England’s policy rate, cautioning against the potential risks of a too-conservative approach. Greene questions the assumed restrictiveness in the current monetary stance, suggesting it might be less robust than perceived, especially in scenarios of persistent inflation.

Digital Assets

JPMorgan’s stablecoin ventures into interbank transactions

JPMorgan Chase & Co.’s proprietary digital token, JPM Coin, is set to expand its use case by facilitating interbank transactions on Partior, a blockchain ledger developed in collaboration with DBS Bank, Temasek, and Standard Chartered.

<