Electronic OTC commodities platform launched
The ECN has been designed to enable participants to obtain best prices in a more liquid and transparent OTC market. Agora-X, which was founded with seed money from commodity risk management firm FCStone Group, will also launch an exempt commercial market (ECM) for financially-settled option "look-alikes", swaps and swaptions in energy, metals and other non-agricultural commodities in January. In addition, the ECM will allow negotiation, execution and clearing of OTC trades in exempt commodities
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