Electronic OTC commodities platform launched

Agora-X, a joint venture between FCStone and Nasdaq OMX, has launched a platform for the negotiation of over-the-counter (OTC) transactions in commodity and derivative contracts.

Launched in December 2008, the electronic communications network (ECN) will be followed in January by an exempt commercial market (ECM) for financially settled option 'look-alikes', swaps and swaptions in energy, metals and other non-agricultural commodities. As a separate component, the ECM will allow for the negotiatio