OPALai Pte. Ltd.
- CEO & Founder：
- Pravin Chandrasekaran
AI-driven digital financial products focused on Commodities and FX markets for Pricing, Hedging and Trading.
Only 5% of commodities are listed on exchanges, and commodities pricing is heavily dependent on locations and quality grades. Hedging/Risk transfer is difficult because of illiquid markets. OPALai offers products to address such unmet market needs: OPALai’s “Vetri" is a systematic hedging technology aimed to beat the market standard benchmark prices, and it helps producer/consumer companies to achieve a better selling price or purchasing price. OPALai’s “Largo” is a systematic investing technology aimed to generate alpha for global asset managers and financial institutions. . OPALai has a global presence with offices in Singapore, New York, London, Tokyo and Sao Paulo.
OPALai was started in June 2017 by Pravin Chandrasekaran, a Harvard alumnus, who has two (2) decades of experience in commodities derivates across seven (7) countries in Deutsche Bank, Citigroup, Rabobank and ADM. OPALai was set up in Singapore with the help of a S$1M non-dilutive grant by EDB (Economic Development Board).
OPALai uses an ensemble of statistical Machine Learning and Deep Learning techniques by analyzing over 400-500 features for pricing commodities. They incorporate asset pricing techniques that have been historically used to only model equities such as Continuous-Time Finance (CTF) and apply those principles to model commodities. OPALai has over 10 global clients spread across geographies, spanning sectors such as Energy/Power, Metals and Agriculture.
UTEC’s value add
As the sole institutional investor in OPALai’s seed round, UTEC supports them to build their footprint in Japan by facilitating recruitment of Japan-based professionals, client partnerships with Trading, Financial and Manufacturing corporations, and research collaborations with Japanese academia.
OPALai’s Product Offerings for Pricing, Hedging and Trading
OPALai’s Product Performance (for Illustration purpose)