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Tea & Coffee's Business Classifieds!
Free Ukers Guide!
Tea Fair - China
Sensient
When Coffee Speaks


Teepack

Nuova Simonelli Opens New Enlarged Facility

Nuova Simonelli, a leading manufacturer of coffee machines opened their new facility in Fonte Moreto of Belforte del Chienti, Italy.

Nando Ottavi, Nuova Simonelli’s chairman explained that the company has doubled, more than once, its turnover in the last 20 years and closed its 2004 financial year with an increase in turnover equal to 8% in comparison with 2003. In the first three months of this year there has been an increase of 13% in comparison to the same period last year. This increase in production forced the company to create a new plant stretching over an area of 20, 000 sq. m. Once running regularly, seven assembling lines will be operative. The production, which at presently 15,000 machines per year, will reach 26,000, that is to say 120 each working day. “That’s a coffee machine every four minutes, “ states the company.

In the previous location of Via dell’ Artigianato, still in Belforte del Chienti, production there will now be concentrated to the machines labelled Victoria Arduino, which has the characteristic golden color with a winged symbol. This year Victoria Arduino is celebrating its 100th anniversary. The sales’ net of Nuova Simonelli is operating in 98 countries throughout the world with over 600 specialized dealers. In the U.S. a branch was opened 20 years ago in Seattle. About 80% of the product is destined for abroad and the remaining 20% is sold in Italy.


ZCE and NYBOT Sign MOU

The Zhengzhou Commodity Exchange (ZCE), the first futures exchange in The People’s Republic of China, and the New York Board of Trade (NYBOT), a leading “soft” commodities exchange, announced the signing of a Memorandum of Understanding (MOU), signaling a new era of cooperation and understanding between the two exchanges.

“The signing of this joint MOU today is very important to both exchanges because it is the start of a relationship between our two global marketplaces,” said Zhang Xueren, chairman of the board of the Zhengzhou Commodity Exchange. “This agreement shows the world that our two exchanges share a deep interest to learn more about each other’s business and find ways to work together and make both our businesses operate more efficiently.”

The MOU agreement allows both exchanges to explore new business opportunities and to capitalize on efficiencies both can earn by working together. Areas of interest include information sharing, market building, joint educational seminars and symposiums, and new product and service offerings.

Established in 1990, the Zhengzhou Commodity Exchange (ZCE) is the first futures marketplace in China. The exchange is regulated by the China Securities Regulatory Commission (CSRC).

The New York Board of Trade (NYBOT) is New York’s original futures exchange, where the world trades food, fiber and financial products.


RJO Now Using NYBOT’s OBMS To Fill Coffee Orders

The Order Book Management System (OBMS) at the New York Board of Trade (NYBOT) has a new user: R.J. O’Brien (RJO), a privately owned Futures Commission Merchant (FCM) that is now offering its customers the ability to get near-instant fill information on their coffee futures orders routed to the Exchange.

“R.J. O’Brien is very concerned with giving our customers the best service and value we can provide,” said Colleen Mitchell, President of R.J. O’Brien. “By having our brokers use NYBOT’s Order Book Management System (OBMS) on a wireless, handheld device while standing in the pit, our customers can now have their fill information routed back to them at practically the same instant the order is filled via open outcry in one of NYBOT’s trading pits.”

Upon entry of the order fill information into NYBOT’s OBMS application, the order originator is notified electronically of the order fill, and at the same time, the trade matching necessary for end-of-day checks and the trade clearing processes is initiated.

“This is another illustration of the continued success of NYBOT’s use of technology to make our form of open outcry more efficient,” said C. Harry Falk, NYBOT president and c.e.o. “We are committed to enhancing open outcry by making it more efficient and competitive by using technology such as OBMS - we encourage other FCMs and brokers to take a look at what this system has to offer.”

The OBMS works in conjunction with NYBOT’s Electronic Order Routing (EOR) system, which has also been successfully deployed on NYBOT’s trading floor, and which allows an FCM or broker to send an order directly to a broker’s booth on the trading floor. That order then can be routed to a floor trader using a wireless handheld device. Once the order has been filled, the trader automatically sends information to both the clerk and NYBOT’s Trade Input Processing System (TIPS).

Because EOR is connected to NYBOT’s pricing system, users can access timely market data. NYBOT’s system also has the unique ability to handle most complex order types as well as all active products and contract months.



Tea & Coffee - July/August, 2005
Tea & Coffee's Business Classifieds!

Tea Fair - China


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