03/14/2001
enymexsm is the Exchange’s e-commerce venture that is intended to become the premier global exchange for trading and clearing a wide range of standardized physical commodity contracts, with an initial focus in the energy market.
As the key element of their infrastructure solution, GlobalView Software is providing MarketView®, their new web-enabled product which provides an overall framework for market information integration, delivery, and display. MarketView will host the enymexsm trading and administration functions and will interface with and complement the Kiodex Trade EngineTM, the trade matching engine for the system.
The Exchange and GlobalView Software have further agreed to co-market GlobalView Software’s software tools and data services as enhancements to a basic set of tools that will be available to enymexsm participants. These products will provide extensive analytical functionality as well as access to a broad array of commodities market information to support enymexsm customers in their trading decisions.
enymexsm, which will be launched in the second quarter of 2001, will provide a neutral internet-based trading and clearing platform for energy and metals products that were previously limited to over-the-counter markets where participants are exposed to counterparty credit risk. The Exchange plans to use its proven clearing infrastructure to introduce complete counterparty risk management, and create net margining with traditional Exchange futures markets by calculating a consolidated clearing position.
GlobalView Software Inc., based in Chicago, Illinois, with offices in Houston, New York, London, and Singapore, is the industry leader in providing fully integrated real-time and historical commodities market information using the internet and PC-based systems. GlobalView Software Inc.’s products and services focus on helping customers optimize their use of information by integrating that information into their enterprise-wide solutions. In addition to its signature desktop/network product, GlobalView®, and its internet-based product, EnergyView™, GlobalView Software Inc. offers internet, intranet and portal solutions, data redistribution services, customized software development, and integration services, as well as extensive customer support and maintenance programs. For more information, visit www.gvsi.com.