Exempt Commercial Markets, 2004 – 2009
Table Of Contents
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 |
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| Agora-X |  |
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| CCX | |
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| CDXchange | |
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| ChemConnect | |
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| DFOX | 2 |
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| EnergyCross.com | |
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| EOXLIVE | |
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| FCRM | |
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| Flett | |
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| GFI | |
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| HSE | |
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| ICAP | |
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| ICAPture | |
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| ICAP Shipping | |
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| ICE | |
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| IMAREX | |
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| LiquidityPort | |
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| NGX | |
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| Nodal | |
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| NTP | |
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| OILX | |
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| OPEX | |
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| Parity | |
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| SL | |
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| TCX | |
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| TFSWeather | |
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| tpENERGYTRADE | 2 |
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| Tradition Coal.com | |
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| Trading Optx | |
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| TS | |
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| WORLDPULP | |
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| 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) |
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