TradeXchange to serve 8,000 users by 2007

Kenneth Liew, ComputerWorld Singapore

A new trade and logistics platform, TradeXchange, is expected to go live in October 2007 and will support an estimated 8,000 users from the Singapore trading community.

In a speech at a Singapore Customs event last month, Lim Hwee Hua, Minister of State for Finance and Transport, said TradeXchange will be a neutral and secure platform that will enable exchange of information between shippers, freight forwarders, carriers and government agencies, to facilitate the flow of goods within, through and out of Singapore. This trade infrastructure will be able to provide seamless inter-connectivity among commercial and regulatory systems for our trade and logistics businesses.

...A 10-year contract to develop and operate TradeXchange has been awarded to CrimsonLogic. Valued at $6.5 million, the platform is expected to generate about $200 million for CrimsonLogic over the 10-year period through subscriptions.

...TradeXchange will be developed on the Java platform and based on a service-oriented architecture. It will also be aligned with global best practices and technical standards including W3C (World Wide Web Consortium), UN/Cefact (United Nations Centre for Trade Facilitation and Electronic Business), Oasis (Organisation for the Advancement of Structured Information Standards), ebXML and RosettaNet.