Commodity Trading

All my UML examples so far have been in the insurance and healthcare space. In this post, I attempt to apply UML to a topic which is in the financial service space – the commodity markets.

Commodity markets have become a hot button issue in recent times. Speculation on the commodity markets is being blamed for the meteoric rise (and subsequent fall) in the price of oil. While I am not in a position to support or refute this stand, I am in a position to illustrate, using UML, how commodity markets are setup to operate.

Let us start with some definitions.