Monday, June 30, 2025
Distribution: (800) 510 0384
Washington DC
New York
Toronto
Press ID  
  • Login
The Hudson Weekly
  • Financial
  • Blockchain
  • Technology
  • Entertainment
  • Lifestyle
  • Arts
  • Health
  • Sports
  • Cybersecurity
No Result
View All Result
  • Financial
  • Blockchain
  • Technology
  • Entertainment
  • Lifestyle
  • Arts
  • Health
  • Sports
  • Cybersecurity
No Result
View All Result
The Hudson Weekly
No Result
View All Result

Head of IT at the Energy Trading Company Calls for Industry Protocol & Standards

SOCAR Trading's investments in digitization generate strong financial performance

Craig Richer by Craig Richer
November 29, 2020
in Blockchain
A A
Head of IT at the Energy Trading Company Calls for Industry Protocol & Standards

SOCAR Trading Head of IT, Movsum Muslumzada. © SOCAR Trading SA

Share on FacebookShare on Twitter

SOCAR Trading Head of IT, Movsum Muslumzada, told the Reuters Commodity Trading Summit that, having upgraded its IT systems just prior to the COVID-19 outbreak, the trading company was able to quickly implement remote working without any operational interruptions.

Speaking at a Reuters conference session on Overcoming Barriers to the Digitization of Commodities Trading, Mr. Muslumzada explained: “Moving to the cloud in 2019 was a game-changer for SOCAR Trading. When COVID-19 unexpectedly arrived in 2020, we were ready and had prepared our infrastructure so that people could work from any place on the planet. [Our digitized IT systems] helped a lot with communications and financially we had a good year.”

HudsonNewsroom

How to Swap TRX to USDT Instantly Using Symbiosis

Crypto Integration in Traditional Fintech Platforms

What Influences Our Gaming Habits?

Mr. Muslumzada also called for the trading industry to adopt a general protocol and standards so that counterparties can exchange trading data and operational data.

Asked about blockchain, Mr. Muslumzada said that technology in itself is not a solution. “It’s all about how the platform is implemented and how it’s used and how easy it is to onboard people. We have a lot of systems but they need to be able to talk to others. If a blockchain is the solution, then we will sign up for it.”

According to Mr. Muslumzada, trust in technology is key. He continued, “Managers and decision-makers need to understand what technology tools are available, and to know how to use them and trust them. Five or six years ago, everybody was afraid of the cloud as it placed your data under somebody else’s control. Now, it’s becoming mainstream. So education is necessary.”

In recent months, SOCAR Trading has invested considerable time and resources in sophisticated IT systems, and digitized internal control frameworks have given the company the agility and the confidence to merit its status as one of the most successful global energy trading companies.

Craig Richer

Craig Richer

Newsroom Editor

More from HW Newsdesk

How to Swap TRX to USDT Instantly Using Symbiosis
Blockchain

How to Swap TRX to USDT Instantly Using Symbiosis

June 27, 2025
The Best of Both Worlds in Cryptocurrency and Online Trading
Blockchain

Crypto Integration in Traditional Fintech Platforms

June 25, 2025
What Influences Our Gaming Habits?
Blockchain

What Influences Our Gaming Habits?

June 24, 2025

HW Newsroom

Notable New Yorkers in the Music Industry Under 40
Lifestyle

Wondering What Your NYC Move Will Cost? Let’s Break It Down + Get a Free Quote

by Dennis Keller
June 27, 2025

If you're planning a move in New York City, you're probably already juggling a hundred tiny tasks, from canceling utilities...

From Investopedia to eCheckcasinos.ca – Exploring the World of Responsible Betting: An Interview with Lucy Adegbe

From Investopedia to eCheckcasinos.ca – Exploring the World of Responsible Betting: An Interview With Lucy Adegbe

June 27, 2025
The Impact of Artificial Intelligence on Healthcare: Key Aspects and Their Importance

The Impact of Artificial Intelligence on Healthcare: Key Aspects and Their Importance

June 27, 2025
What to Know About Hiring a Lawyer for Medical Malpractice Cases

Digital Evidence in Wrongful Death Cases: From Dashcams to Cell Phone Logs

June 26, 2025
7 Tips for Finding the Right Personal Injury Attorney in New Jersey

6 Crucial Concepts in Personal Injury Law Plaintiffs Should Know About

June 26, 2025
The Power of Being ‘Difficult’: Women Who Refuse to Stay Silent With Raman Bhaumik

The Power of Being ‘Difficult’: Women Who Refuse to Stay Silent With Raman Bhaumik

June 26, 2025
Interview: Inside the Launch of the Monopoly ETF (MPLY) With David Miller, CIO of Strategy Shares

Interview: Inside the Launch of the Monopoly ETF (MPLY) With David Miller, CIO of Strategy Shares

June 26, 2025
Why Parents Trust Little Scholars as Their Go-To Child Care and Day Care Center

Why Parents Trust Little Scholars as Their Go-To Child Care and Day Care Center

June 26, 2025
9 Most Popular Gaming Genres

9 Most Popular Gaming Genres

June 26, 2025
Why You Should Always Seek Legal Counsel After a Car Accident

What Makes a Product Liability Case Valid?

June 26, 2025
Differences Between ASL and Signed English in Religious Settings

Differences Between ASL and Signed English in Religious Settings

June 26, 2025
Why Cyber Security Is Vital for Small Businesses

Why Cyber Security Is Vital for Small Businesses

June 26, 2025
No Result
View All Result

Headlines

How to Swap TRX to USDT Instantly Using Symbiosis

Mastering Server Stress Testing in 2025: Why Stressthem Is the Go-To Stresser Tool

Gold Cup Showdown: Can Mexico or the U.S. Hold Off Rising Challengers?

Wondering What Your NYC Move Will Cost? Let’s Break It Down + Get a Free Quote

From Investopedia to eCheckcasinos.ca – Exploring the World of Responsible Betting: An Interview With Lucy Adegbe

The Impact of Artificial Intelligence on Healthcare: Key Aspects and Their Importance

Trending

9 Most Popular Gaming Genres
Cybersecurity

4 Tips for Safe Online Gaming

by Craig Richer
June 27, 2025

Online gaming has become an integral part of modern entertainment, but with increased connectivity comes the need...

From Strategy to Execution: The Full Spectrum of White Label Digital Marketing

From Strategy to Execution: The Full Spectrum of White Label Digital Marketing

June 27, 2025
How to Swap TRX to USDT Instantly Using Symbiosis

How to Swap TRX to USDT Instantly Using Symbiosis

June 27, 2025
Why Cyber Security Is Vital for Small Businesses

Mastering Server Stress Testing in 2025: Why Stressthem Is the Go-To Stresser Tool

June 27, 2025
Gold Cup Showdown: Can Mexico or the U.S. Hold Off Rising Challengers?

Gold Cup Showdown: Can Mexico or the U.S. Hold Off Rising Challengers?

June 27, 2025
  • Kia America представляет цены и захватывающие обновления для Sorento 2025 (ICE)

https://madisongraph.com/kia-america-unveils-pricing-and-exciting-updates-for-2025-sorento-ice/

#nyc #losangeles #chicago #houston #phoenix #philadelphia #sandiego #dallas #sanfrancisco #seattle #denver #washingtondc #boston #detroit #vancouver #toronto #publicrelations #marketingagency #earnedmedia #editorial #marketing #guestpost #guestposting #sponsored #sponsoredpost
  • Kia Recognized as One of TIME Magazine’s “World’s Most Sustainable Companies of 2024”

https://madisongraph.com/kia-recognized-as-one-of-time-magazines-worlds-most-sustainable-companies-of-2024/

#nyc #losangeles #chicago #houston #phoenix #philadelphia #sandiego #dallas #sanfrancisco #seattle #denver #washingtondc #boston #detroit #vancouver #toronto #publicrelations #marketingagency #earnedmedia #editorial #marketing #guestpost #guestposting #sponsored #sponsoredpost
  • VinFast Auto Establishes Dealer Advisory Board to Enhance Customer Experience

https://madisongraph.com/vinfast-auto-establishes-dealer-advisory-board-to-enhance-customer-experience/

#nyc #losangeles #chicago #houston #phoenix #philadelphia #sandiego #dallas #sanfrancisco #seattle #denver #washingtondc #boston #detroit #vancouver #toronto #publicrelations #marketingagency #earnedmedia #editorial #marketing #guestpost #guestposting #sponsored #sponsoredpost
  • Medicare Announces Expansion of Coverage for Microprocessor-Controlled Knees for Lower Mobility Users

https://lincolncitizen.com/medicare-announces-expansion-of-coverage-for-microprocessor-controlled-knees-for-lower-mobility-users/

#nyc #losangeles #chicago #houston #phoenix #philadelphia #sandiego #dallas #sanfrancisco #seattle #denver #washingtondc #boston #detroit #vancouver #toronto #publicrelations #marketingagency #earnedmedia #editorial #marketing #guestpost #guestposting #sponsored #sponsoredpost
  • GA-ASI Successfully Tests PT6 Engine on MQ-9B SkyGuardian Aircraft

https://lincolncitizen.com/ga-asi-successfully-tests-pt6-engine-on-mq-9b-skyguardian-aircraft/

#nyc #losangeles #chicago #houston #phoenix #philadelphia #sandiego #dallas #sanfrancisco #seattle #denver #washingtondc #boston #detroit #vancouver #toronto #publicrelations #marketingagency #earnedmedia #editorial #marketing #guestpost #guestposting #sponsored #sponsoredpost
  • U.S. Leading Economic Index Declines by 0.2% in June 2024, Coincident Index Rises by 0.3%

https://fairmontpost.com/u-s-leading-economic-index-declines-by-0-2-in-june-2024-coincident-index-rises-by-0-3/

#nyc #losangeles #chicago #houston #phoenix #philadelphia #sandiego #dallas #sanfrancisco #seattle #denver #washingtondc #boston #detroit #vancouver #toronto #publicrelations #marketingagency #earnedmedia #editorial #marketing #guestpost #guestposting #sponsored #sponsoredpost
  • USTDA Director Travels to Bulgaria and Romania to Promote Clean, Secure Energy

https://belmontstar.com/ustda-director-travels-to-bulgaria-and-romania-to-promote-clean-secure-energy/

#nyc #losangeles #chicago #houston #phoenix #philadelphia #sandiego #dallas #sanfrancisco #seattle #denver #washingtondc #boston #detroit #vancouver #toronto #publicrelations #marketingagency #earnedmedia #editorial #marketing #guestpost #guestposting #sponsored #sponsoredpost
  • Police Recommend a Hidden Camera Detector Device to Protect Privacy

https://marketsherald.com/police-recommend-a-hidden-camera-detector-device-to-protect-privacy/

#nyc #losangeles #chicago #houston #phoenix #philadelphia #sandiego #dallas #sanfrancisco #seattle #denver #washingtondc #boston #detroit #vancouver #toronto #publicrelations #marketingagency #earnedmedia #editorial #marketing #guestpost #guestposting #sponsored #sponsoredpost

© 2025 The Hudson Weekly. Published by The Ritz Herald. Editions: Markets Herald • Lincoln Citizen • Madison Graph • Belmont Star • Fairmont Post

Address: 1177 6th Avenue, 5th Floor, New York, NY 10036. Removals: pr@hudsonweekly.com. Phone: (718) 313-5252. M-F: 9AM-5PM. Privacy Policy

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Financial
  • Blockchain
  • Technology
  • Entertainment
  • Lifestyle
  • Arts
  • Health
  • Sports
  • Cybersecurity

© 2025. The Hudson Weekly