XIAO KAI
Trading Manager at ITOCHU Singapore Pte Ltd- Claim this Profile
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Topline Score
Bio
Credentials
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SGS LC certificate
SGS
Experience
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ITOCHU Singapore Pte Ltd
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Singapore
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International Trade and Development
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1 - 100 Employee
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Trading Manager
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Jan 2017 - Present
• wheat and barley trading in Itochu Group as well as other feed materials • Wheat bulk trading and Barley bulk trading, achieved and exceed company’s target every year from 2017-2020 • wide coverage of all origins, including Europe, Blacksea, north America, Australia and south America on wheat and barley trade • Grabbed around 50% market share of private wheat business in China in 2017, 20% market share in 2018 and 2019 • First ever trader in Japanese trading houses made wheat bulk vessel sale to Infofood/BOGASARI flour mill(largest mill in Asia) • Building up the networks with major flour mills in SEA and China for Itochu Group • Made the first wheat bulk vessel trade to Myanmar in the countries’ history, and it is widely reported by Bloomberg and local media ( https://www.bloomberg.com/news/articles/2019-05-21/taste-for-western-diet-reshapes-trade-in-asian-frontier-market?sref=CghaRCyb) • Barley bulk trading, grabbed an average of 10% of market share every year on the Ukraine barley business to China from 2017-2020 30% of market share every year on the French barley business to China from year 2017-2020 • Good communication with all the major barley and wheat buyers in China • Family with the rules and regulation of grain import in China • Family with the rules and regulation of grain import in South East Asia • Structured financing trades with supplier, trader, and buyer Show less
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Agrex Asia Pte Ltd
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Singapore
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Grain trader
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Jan 2011 - Jan 2017
• Physical wheat trading in container • physical wheat trading in bulk (buying FOB, chartering vessel, selling CFR) • Physical sugar trading in container and breakbulk • Familiar with the NAEGA, GAFTA,GTA, Baltimore Form C Charterparty, Aust grain 2008 voyage Charter party, as well as sugar 1999 chartparty • Futures trading in wheat and sugar futures, pricing, hedging, given-up, and speculation • Manage the futures book in the company • Oversee the whole documentation, payment, negotiation the Shipping Instruction and logistics with supplier and buyers; manage three operation staffs on the documentation and payment. • Optimize the operation process to minimize the operation cost and risk, and maximize the total profit • Bulk vessel chartering (handy, supramax and panamax)-CP, Fixture, nomination, Dem/Des calculation, agent/surveyor/fumigation company appointment • Marketing wheat and sugar into SEA countries, Indonesia, Malaysia, Vietnam, Thailand, Philippine, Myanmar (daily price indication to buyers) • Frequent business trips to visit clients (both wheat and sugar customers) and suppliers in SEA • Strong relationship with wheat millers and supplier as well as major grain brokers • Attending vessel loading, discharging, port quarantine inspection • Weekly conference call with counterparties in US and Australia • Besides wheat and sugar trading, also in charge of wheat flour, starch trading in Singapore, Hong Kong and Malaysia Show less
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MF Global
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United States
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Financial Services
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700 & Above Employee
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futures and option trader
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Nov 2010 - Dec 2011
• Trade execution of commodity and energy futures and options, such as LME base metal, crude oil, soft commodity and precious metals • Mark to Market P&L calculation, making intra-day margin call • Analyzing and monitoring market news and events • Knowledge of Contango and Backwardation • Trading vanilla and complicated spreads • Liaising with the Ops, Legal, Compliance and Risk departments to ensure smoothness of business operations • Maintaining and developing the relationship with existing and potential clients • Technical and Fundamental Analysis on price movement of commodity and energy products Show less
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Education
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Singapore Management University
Bachelor's degree, Business Administration and Management, General
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