CMXchange and Opt4Derivatives partner for OTC metals trading

The new market-place will be rolled out in the second quarter of 2002 and will initially focus on plain vanilla metal-related transactions. It is anticipated that other commodities, as well as more derivatives products, such as non-vanilla swaps and options, will be added to CMXflexclear in the future.

CMXflexclear uses Opt4 trading technology to allow exchange members to trade commodity derivatives transactions across a secure internet platform, either privately or anonymously. Upon completion, these trades will be cleared, processed and guaranteed by the Board of Trade Clearing Corporation, the only independent derivatives clearing house that maintains a Standard & Poor's AAA rating.

According to Tony Brown, chairman and chief executive of CMXchange, there will be major commercial accounts participating in CMXflexclear for the April block trading and the summer online launch. CMXchange's existing physical metals customers, who include automotive manufacturers, as well as other physical metals fabricators, suppliers and traders in the global metals industry, are expected to use CMXflexclear.

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Next-generation technologies and the future of trading

At a webinar in association with capital markets technology provider Numerix, panellists discuss the potential for increased adoption of the public cloud to boost investment performance, its impact on risk management and overcoming barriers to…

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