News and Media

Increased Sales on DAO.EU

Published on 15 April 2020

DAO.EU Increased Sales

Dramatic increase in activity and interest

With our relationships abruptly shifting from "connected" to "isolated", how will we trade moving forward? What tools are available to use during these evolving conditions? If recent results on the DAO trading platform (powered by Nui) are any indication, then online trading may be a major part of the solution moving forward.

In the first three months of 2020 trading on the DAO has already matched the volumes for the entirety of 2019.

"We're seeing a dramatic increase in activity and interest on the platform with the rate of sales volumes nearly tripling in the past three months" says Kevin O'Sullivan (Nui CEO).

Much of this increased activity has occurred since the lockdown in Europe began as traders are looking for new ways of interacting with clients and conducting business. Although large parts of the physical world have shut down, this has actually led to a surge in business in the online arena.

DAO has noticed the change as well. Says DAO Marketing Manager, Richard Klink, "There has been an unprecedented amount of activity on DAO.EU in recent days and we've needed to add more server capability to process all the bids, offers and market trades."

With the current restrictions likely to be in place for the foreseeable future, Nui have adapted their offering to enable an even quicker implementation. We believe that Nui can be the face to face channel for commodity providers and traders moving forward. And we fully expect the recent increase in demand for the platform’s unique capabilities to continue.

Get in touch if you are interested in learning how we can quickly implement a low-cost, high-output solution for your business.

Back to News and Media

In other news

  • The importance of the global dairy markets
    Published on 16 November 2022

    President of New Zealand-based Nui Markets North America, Ron O'Brien, spoke with Lee Mielke about Global Dairy Trading Struggling in the Nov. 14 Dairy Radio Now broadcast. Read more

  • Going paperless
    Published on 15 November 2022

    In September this year, we saw the best of British ceremony, pomp and tradition as the country mourned for Queen Elizabeth’s passing with a timeless display of historical theatre. Read more

  • What tools are you using to negotiate your trades
    Published on 02 November 2022

    This Bloomberg article should be a wake-up call if you’re still using Private Messaging to negotiate your trades. Read more

  • Winner of Best Emerging Business Award
    Published on 28 October 2022

    Whilst it’s true that winning in the marketplace is the most important recognition that any company seeks, for an emerging business, early in its growth trajectory, the confidence and self-affirmation that comes with winning industry awards also matters. Read more

  • DAO customer event at Madurodam
    Published on 18 October 2022

    Six months on from the acquisition of DAO, Nui Markets hosted its first customer event in several years. Read more