About the ExchangeProducts
Product category groupings include individual products in the following commodity classes: natural gas liquids, refined and intermediate fuels, commodity aromatic chemicals, basic olefin chemicals and commodity polymers. More...
Transaction Types
Available to participants are various transaction types and structures designed to meet the broad needs of a diverse marketplace. Included are ranges of OTC physically settled transactions such as buy/sell's, physical location, time or grade exchanges, spreads, swaps and cleared swaps and forwards. Fixed price contracts as well as contracts for settlement against recognized indices such as Argus, OPIS, Platts, CMAI and CDI are available in addition to the ChemConnect daily weighted average or settlement index. Many combinations of time spreads and basis swaps are part of the capability of the system available to all participants. More...
Cleared Transactions
Certain products are offered which can be transacted on a financially cleared basis through our agreement with The Clearing Corporation. More...
Market Data
Real-time access to key market information. Subscribers can gain access to various types of market information to meet the needs of diverse user groups. From traders to financial analysts to back office personnel, information from the Commodity Exchange can provide instant price discovery, and data for financial and market analysis. In addition to direct data feeds from ChemConnect, data and news providers such as Bloomberg, Dow Jones Energy Services and the Wall Street Journal rely on ChemConnect, Inc. to provide accurate, timely information on these product groups. More...
Real Time Data Integration
Complete data from a participant's transactions concluded on the Commodity Exchange can be electronically delivered and integrated into a variety of mid and back office systems via our proprietary iHub information services platform. Real-time, nearly instantaneous delivery of confirmed trade data create efficiency, reduce errors and update your internal systems to help you manage your trade-flow. More...
Business Rules
Posted bids and offers on the platform are transmitted over the internet through state of the art encryption technology in real time. All bids and offers are firm and completely anonymous, however, all bids and offers are fully transparent to all participants in the market. Platform functionality includes the ability to either accept a bid or offer outright or to negotiate confidentially and anonymously with counterparty. Bi-lateral counterparties are revealed to one another only upon satisfactory negotiation or acceptance of transaction terms. Contracts are offered as cleared or bilateral transactions with a built in credit management matrix individually and securely managed by each participant company. The system security will not allow a participant company to transact with a counterparty for which it does not have pre-existing matching credit terms. Bilateral transactions typically settle either through physical delivery at the appropriate delivery location agreed or financially in cash based on a published index agreed.
Participation
Participant companies include most producers, consumers, distributors, traders and transportation and logistics companies within each product class in addition to banks, hedge funds and other interested financial institutions. ChemConnect Commodity Exchange participants must be Eligible Commercial Entities as defined under the Commodities Exchange Act and must execute the standard ChemConnect User Agreement. Sign up or learn more.