Global Dairy Trade's is looking for input from users as it seeks to make changes to event rules.
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The auctions will initially have one product specification to bid on: Fonterra Whole Milk Powder Regular Contract Period 2.

“We have been working on an exciting new development consistent with this vision that aims to enhance liquidity in GDT for the benefit of both buyers and sellers by providing price discovery on a more frequent basis, called GDT Pulse,”​ a statement from the platform said.

A trial version of GDT Pulse with sufficient features to meet the needs of early customers will launch in 2022, and customer feedback will inform further development.

Initially, GDT Pulse will offer auctions on alternate weeks between GDT Trading Events for a trial period of six to 12 months. The auctions will initially have one product specification to bid on: Fonterra Whole Milk Powder Regular Contract Period 2. This will ensure a short total duration of 15 to 30 minutes, which GDT said provides a convenient option for bidders.

If the trial is deemed successful, GDT said it is envisaged that GDT will invest in platform upgrades to automate GDT Pulse processes and enable daily auctions; and other sellers will be invited to offer product.

“The trial will provide us with valuable bidder feedback and insight into the needs of bidders and financial market participants. After the trial period, we will assess the merit of GDT Pulse and the future potential for more frequent price discovery from Global Dairy Trade,”​ GDT said.

GDT Pulse will fall under the governance of the GDT Events Oversight Board, which has reviewed a set of draft rule changes.

A paper outlining the concept of GDT Pulse, including a summary explanation of the proposed changes to the GDT Trading Event Rules is available here​.

It was an involvement with the Dairy Industry Awards which spurred Hanna Stalker’s passion for the environment.
Back in 2016, she and her husband Callum won the Otago-Southland Share Farmer of the Year title and were third in the national final while 50% sharemilking at Otautau.

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