Electronic trading facilities providing for the execution of principal-to-principal transactions between eligible commercial entities in exempt commodities may operate as ECMs, as set forth under the CEA and the Commission’s regulations. An ECM is subject to anti-fraud and anti-manipulation provisions and a requirement that, if performing an SPDF, must provide pricing information to the public. A facility that elects to operate as an ECM must give notice to the Commission and comply with certain information, record-keeping, and other requirements. An ECM is prohibited from claiming that the facility is registered with, or recognized, designated, licensed or approved by, the Commission. A total of 31 ECMs have filed notices with the Commission. In FY 2009, 27 ECMs were in business for at least part of the year; four however, withdrew their ECM notifications during the fiscal year.
ECMs1 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 |
---|---|---|---|---|---|---|
Agora-X | ||||||
CCX | ||||||
CDXchange | ||||||
ChemConnect | ||||||
DFOX | 2 | |||||
EnergyCross.com | ||||||
EOXLIVE | ||||||
FCRM | ||||||
Flett | 2 | |||||
GFI | ||||||
HSE | ||||||
ICAP | ||||||
ICAPture | ||||||
ICAP Shipping | ||||||
ICE | ||||||
IMAREX | ||||||
LiquidityPort | ||||||
NGX | ||||||
Nodal | ||||||
NTP | ||||||
OILX | ||||||
OPEX | 2 | |||||
Parity | ||||||
SL | ||||||
TCX | ||||||
TFSWeather | ||||||
tpENERGYTRADE | 2 | |||||
Tradition Coal.com | ||||||
Trading Optx | ||||||
TS | ||||||
WORLDPULP | ||||||
TOTAL | 11 | 12 | 17 | 19 | 20 | 27 |
1 Refer to Appendix 8 for full names of organizations. (back to text) 2 These ECMs withdrew their ECM notifications during FY 2009. (back to text) |