User:JessZoiti/sandbox: Difference between revisions
HouseBlaster (talk | contribs) copy content from GLX Digital, see that page for attribution. create sandbox for mentee |
I've updated the GLX Digital company page to reflect changes to the business over the years. The company is no longer based in Singapore, the original product is no longer offered to the market and two new products have since been launched. Tags: Possible self promotion in userspace Visual edit |
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{{Short description| |
{{Short description|Provider of enterprise solutions to the global commodities market.}} |
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{{infobox company |
{{infobox company |
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|name= GLX Digital |
| name = GLX Digital |
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| logo = GLX Digital logo.svg |
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| image = GLX Digital outside.jpg |
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| trading_name = GLX Digital Ltd |
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| type = Publicly unlisted |
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| industry = Commodities software, LNG, oil and gas, lithium, iron ore |
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| founded = 2016 |
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| key_people = Damien Criddle, Philip Byrne |
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| products = GLX Cargo, GLX Connect |
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| website = www.glxdigital.com |
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}} |
}} |
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'''GLX''' is a [[liquefied natural gas]] exchange in [[Singapore]].<ref>{{cite news|url=https://www.bloomberg.com/news/articles/2016-09-01/lng-trading-meets-ebay-as-startup-launches-online-auction-site|title=LNG Trading Meets EBay as Startup Launches Online Auction|newspaper=Bloomberg |date=September 2016 |publisher=|via=www.bloomberg.com}}</ref> The GLX platform, also known as the Global LNG Marketplace, allows members to post offers to sell or requests to buy [[Cargo|cargoes]], and then let other participants anonymously bid on proposals. The platform was launched in October 2016.<ref>{{cite web|url=http://interfaxenergy.com/gasdaily/article/21993/online-trading-for-spot-lng-coming-soon-glx-exec|title=Online trading for spot LNG coming soon – GLX exec|date=19 September 2016|publisher=}}</ref> |
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Based in Perth, Western Australia, GLX Digital was established in 2016 and develops and sells Software as a Service ([[Software as a service|SaaS]]) enterprise [[Application software|applications]] for the [[Commodity market|commodities market]]. |
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==GLX Platform== |
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GLX operates the platform in Singapore, with [[Auction|auctions]] being conducted based on either Singapore or London time. Parties initiating an auction set the commercial terms, including a [[Reservation price|reserve price]], and select the counterparties they wish to invite into the auction. Successful auctions result in binding sales contracts.<ref>{{cite press release|url=http://www.businesswire.com/news/home/20161024005015/en/GLX-Digital-Platform-Transform-LNG-Sales|title=GLX Digital Platform to Transform LNG Sales - Business Wire|date=24 October 2016 |publisher=}}</ref> |
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The company offers two products: GLX Cargo and GLX Connect. The applications automate and digitise workflows associated with transaction execution, resource planning, internal and external communications, sales and purchase execution, commercial cargo operations and real time data analysis. |
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Both applications are provided under subscription license agreements and are private meaning they are wholly owned and managed, including customer and staff access, by the [[customer]]. |
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==Products== |
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GLX Digital’s [[flagship]] product, GLX Cargo, is a [[cargo]] management application developed to [[Automation|automate]] workflows and help commercial cargo operations teams manage essential aspects of cargo delivery in real time. The software helps cargo operators manage their commodity cargo positions on both the [[Buy side|buy-side]] and [[Sell side|sell-side]] of a transaction. |
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GLX Connect is a tender and auction [[Application software|application]] that [https://www.miningnews.net/energy-minerals/news/1414901/pilbaras-lithium-auction-major-success connects commodity companies] directly with their [[Customer|customers]] and enables them to capture and analyse trade data. |
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==Management== |
==Management== |
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GLX Digital is a publicly unlisted company. It is chaired by Philip Byrne, former executive vice president marketing and trading, commercial and business development at [[Santos Limited|Santos]] Energy. The [[Chief executive officer|CEO]] is Damien Criddle. |
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GLX was founded by Damien Criddle, who also serves as its chief executive officer.<ref>{{cite web|url=http://www.theaustralian.com.au/business/mining-energy/glx-platform-aims-to-disrupt-gas-trading/news-story/7ef0698af4f85f5ea205bf5280c51322|title=Subscribe to The Australian|publisher=}}</ref> The company is chaired by Rob Cole, a former executive director of [[Woodside Petroleum]]. Other executives include EVP - business development and strategy Cameron Whitton and director Dr Philip Home.<ref>{{cite web|url=https://www.businessnews.com.au/article/Perth-team-leads-LNG-exchange|title=Perth team leads LNG exchange|date=5 September 2016|publisher=}}</ref> |
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==Company History== |
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GLX Digital was established in [https://www.bloomberg.com/news/articles/2016-09-01/lng-trading-meets-ebay-as-startup-launches-online-auction-site 2016] for the purpose of developing workflow management software solutions for the global Liquified Natural Gas (LNG) industry. |
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In 2016 the company launched the GLX Platform, also known as the Global LNG Marketplace, which allowed subscribed members to post offers to sell or requests to buy LNG cargoes, and then let other participants anonymously bid on proposals. |
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Based on customer feedback, GLX Digital pivoted away from The Global LNG Marketplace in July 2021, discontinuing the product and at the same time launching [https://www.afr.com/companies/mining/fortescue-tests-new-iron-ore-price-discovery-frontier-20211128-p59cu8 GLX Connect], the company’s digital tender and auction solution, which is now used in the [[Liquefied natural gas|LNG]], [[lithium]] and [[iron ore]] commodity segments. |
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Recognising a gap in the market for a solution that digitises the complex and time-consuming workflows unique to commercial cargo operations, GLX Digital launched GLX CARGO in June 2022. |
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== References == |
== References == |
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''1. https://www.miningnews.net/energy-minerals/news/1414901/pilbaras-lithium-auction-major-success – Mining News. July 2021 – via miningnews.net'' |
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{{Reflist}} |
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''2. https://www.bloomberg.com/news/articles/2016-09-01/lng-trading-meets-ebay-as-startup-launches-online-auction-site – Bloomberg. September 2016 – via www.bloomberg.com'' |
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''3. https://www.afr.com/companies/mining/fortescue-tests-new-iron-ore-price-discovery-frontier-20211128-p59cu8 – Australian Financial Review. November 2021 – via www.afr.com'' |
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''4. https://www.afr.com/companies/mining/why-pilbara-s-big-lithium-price-is-like-a-perfect-tinder-profile-pic-20210915-p58rxy – Australian Financial Review. September 2021 – via www.afr.com'' |
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''5. https://www.businessnews.com.au/article/Mine-tech-yet-to-fully-crank-up – Business News. September 2021 – via www.businessnews.com'' |
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''6. https://www.australianmining.com.au/pilbara-minerals-to-sell-spodumene-through-digital-platform/ – Australian Mining. March 2021 – via www.australianmining.com.au'' |
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''7. https://www.miningnews.net/capital-markets/news/1406790/pilbara-goes-tech-sales – Mining News. March 2021 – via www.miningnews.net'' |
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''8. https://company-announcements.afr.com/asx/pls/1c8151ff-879f-11eb-8a92-66e8fa621243.pdf – press release. 18 March 2021'' |
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''9. '' https://www.businessnews.com.au/article/Perth-team-leads-LNG-exchange – ''Business News. September 2016, via www.businessnews.com.au'' |
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''10. ''https://www.businesswire.com/news/home/20161024005015/en/GLX-Digital-Platform-Transform-LNG-Sales – ''Business Wire. October 2016 – via www.businesswire.com'' |
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== External links == |
== External links == |
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* {{official website|http://www.glx-lng.com}} |
* {{official website|http://www.glx-lng.com}} |
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{{draft categories| |
{{draft categories|[[Category:Liquefied natural gas]] |
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[[Category: |
[[Category:commodities software]] |
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[[Category: |
[[Category:oil and gas]] |
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[[Category:lithium]] |
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[[Category:iron ore]] |
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}} |
}} |
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Revision as of 05:45, 15 April 2024
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| GLX Digital Ltd | |
| Company type | Publicly unlisted |
| Industry | Commodities software, LNG, oil and gas, lithium, iron ore |
| Founded | 2016 |
Key people | Damien Criddle, Philip Byrne |
| Products | GLX Cargo, GLX Connect |
| Website | www.glxdigital.com |
Based in Perth, Western Australia, GLX Digital was established in 2016 and develops and sells Software as a Service (SaaS) enterprise applications for the commodities market.
The company offers two products: GLX Cargo and GLX Connect. The applications automate and digitise workflows associated with transaction execution, resource planning, internal and external communications, sales and purchase execution, commercial cargo operations and real time data analysis.
Both applications are provided under subscription license agreements and are private meaning they are wholly owned and managed, including customer and staff access, by the customer.
Products
GLX Digital’s flagship product, GLX Cargo, is a cargo management application developed to automate workflows and help commercial cargo operations teams manage essential aspects of cargo delivery in real time. The software helps cargo operators manage their commodity cargo positions on both the buy-side and sell-side of a transaction.
GLX Connect is a tender and auction application that connects commodity companies directly with their customers and enables them to capture and analyse trade data.
Management
GLX Digital is a publicly unlisted company. It is chaired by Philip Byrne, former executive vice president marketing and trading, commercial and business development at Santos Energy. The CEO is Damien Criddle.
Company History
GLX Digital was established in 2016 for the purpose of developing workflow management software solutions for the global Liquified Natural Gas (LNG) industry.
In 2016 the company launched the GLX Platform, also known as the Global LNG Marketplace, which allowed subscribed members to post offers to sell or requests to buy LNG cargoes, and then let other participants anonymously bid on proposals.
Based on customer feedback, GLX Digital pivoted away from The Global LNG Marketplace in July 2021, discontinuing the product and at the same time launching GLX Connect, the company’s digital tender and auction solution, which is now used in the LNG, lithium and iron ore commodity segments.
Recognising a gap in the market for a solution that digitises the complex and time-consuming workflows unique to commercial cargo operations, GLX Digital launched GLX CARGO in June 2022.
References
1. https://www.miningnews.net/energy-minerals/news/1414901/pilbaras-lithium-auction-major-success – Mining News. July 2021 – via miningnews.net
2. https://www.bloomberg.com/news/articles/2016-09-01/lng-trading-meets-ebay-as-startup-launches-online-auction-site – Bloomberg. September 2016 – via www.bloomberg.com
3. https://www.afr.com/companies/mining/fortescue-tests-new-iron-ore-price-discovery-frontier-20211128-p59cu8 – Australian Financial Review. November 2021 – via www.afr.com
4. https://www.afr.com/companies/mining/why-pilbara-s-big-lithium-price-is-like-a-perfect-tinder-profile-pic-20210915-p58rxy – Australian Financial Review. September 2021 – via www.afr.com
5. https://www.businessnews.com.au/article/Mine-tech-yet-to-fully-crank-up – Business News. September 2021 – via www.businessnews.com
6. https://www.australianmining.com.au/pilbara-minerals-to-sell-spodumene-through-digital-platform/ – Australian Mining. March 2021 – via www.australianmining.com.au
7. https://www.miningnews.net/capital-markets/news/1406790/pilbara-goes-tech-sales – Mining News. March 2021 – via www.miningnews.net
8. https://company-announcements.afr.com/asx/pls/1c8151ff-879f-11eb-8a92-66e8fa621243.pdf – press release. 18 March 2021
9. https://www.businessnews.com.au/article/Perth-team-leads-LNG-exchange – Business News. September 2016, via www.businessnews.com.au
10. https://www.businesswire.com/news/home/20161024005015/en/GLX-Digital-Platform-Transform-LNG-Sales – Business Wire. October 2016 – via www.businesswire.com