Nanotechnology Now

Our NanoNews Digest Sponsors


Heifer International

Wikipedia Affiliate Button

Home > Press > INSCX exchange – formal EU Live Launch

Abstract:
INSCX exchange will launch formal live trade in a series of (SHE) accredited, compliant and validated nanomaterials, advanced materials and nano-enabled commodities commencing 8am, Tuesday 23rd November 2010. The live market will henceforth operate daily 8am-4pm GMT.

INSCX exchange – formal EU Live Launch

EU | Posted on November 22nd, 2010

Market coverage will be extended to include the United States by early December 2010 with full global access enabled to include Asia by first quarter 2011. INSCX exchange (Integrated Nano-Science & Commodity Exchange) is the worlds only source of benchmark Cash and Forward physical delivery contracts in (SHE) accredited compliant and validated nanomaterials, advanced materials and nano-enabled commodities. INSCX exchange will also publish twice daily a reading of INMX (INSCX NanoMaterials Index) the world's first truly representative barometer of price trends in a basket of existing engineered nanomaterials. The launch of the formal trade platform represents the first global attempt of significance to deliver into being a formal self-regulatory structure of governance across the emerging nanomaterials industry as a basis upon which to grow and sustain the compliant commercialisation of nanotechnology.

Registration

Organisations seeking to register to use the exchange for materials supply, procurement and or information purposes are invited to submit their initial requests to join the exchange to:



Online Registration

Online registration can be completed using the link:

www.comdaq.net/Registration.asp?calledsite=INSCX

Using a Member Firm to register

INSCX exchange is a principal to principal commodity exchange. By this is referred the fact all trade is completed using professional securities industry qualified brokers. The brokers act as the agents for customers (Trade buyers and sellers of nanomaterials). The obligation of a brokers is to safeguard customer confidentiality and to ensure "best execution" for any customer order in the market in accordance with long defined Conduct of Business rules that are applied on the world's various financial and commodity exchanges.

The Exchange Specialist (NanoCapital Markets/Stekram Markets) plays a dual role acting to place live bids/offers onto the market for orders placed by customers either direct with the Specialist itself, or by other broker members of the exchange acting for their customers. The Specialist system is used by exchanges such as the New York Stock Exchange and is designed to provide a fair and open market for all customers regardless of financial size. The Specialist and other broker members can also help organisations process their application to join the exchange.

Access Only

Permits organisations to view market activity. This form of access may suit non-commercial users of nanomaterials such as research houses. Access Only is charged at GBP£250 per organisation renewed annually.


Trade Access

Permits organisations to view the live market and place live orders to trade. Priced at GBP £550 per organisation on initial registration followed by an annual renewal of GBP£250 thereafter.

Trading

To actually trade a customer must open a Commercial Trade Account with a Broker member of the exchange. This is necessary to comply with anti-money laundering regulations and other legislations pertaining to nanomaterials.

The market will officially open at 8am GMT and close 4pm GMT on all UK business days. Live trading will commence within 30 minutes of opening.

These hours will apply also when the US desk opens at the beginning of December 8am-4pm EST (Eastern Standard Time).

Viewing the Market Platform

Registered users will be able to view via standard web browser intraday market activity and place materials orders for execution direct via the exchange Member firm specialist, NanoCapital Markets (Stekram Markets) or through NanoTech Partnership, approved Broker members of the exchange. These Approved firms can also enable any organisation to complete the formal registration process.

Access to the exchange platform can be obtained using the link:

www.comdaq.net/comdaqnet.asp?calledsite=INSCX

Commercial Standards

The exchange will introduce the ability to deliver "true and fair" price transparency, neutrality and trade flexibility to interest in the supply and/or procurement of these alternative commodities. Supply and Buy-side interest will be able in an instant to conduct trade in accordance with standards long observed by the world's prime raw material and commodity markets.

Pricing

Standards introduced by INSCX include the open reporting of all trade to market participants listing particulars of material, price and quantity helping establish "true and fair" pricing of these commodities using the open market process to accurately reflect the competing interests of buyer versus seller.

Forward Trade

All commodities listed by INSCX exchange are to be traded Cash Settled and/or on a forward delivery basis. The exchange will permit Forward trade for delivery by the following series; March, June, September and December.

Environment, Health & Safety (EHS)

INSCX™ operates a dedicated (SHE) Credits System enabling nanomaterial suppliers (Upstream) and buyers/users (Downstream) regardless of financial resource to use the exchange process to fund the cost of acquiring the industry benchmark EHS standard, Nanomaterials (SHE) accreditation.

The initiative delivered by INSCX exchange represents an important milestone in the practical development of safety standards across the global nanomaterials industry, in a manner where cost does not act as an impediment to link business requirements for safety inextricably with the wider societal interest.

Quality, Indemnification and Traceability

INSCX provides a systematic means to deliver assurance on material quality, indemnification (insurance) and traceability.

Material Quality

A key factor which will lend itself to increasing the commercial usefulness of nanomaterials will be the industry's ability to independently provide assurance as to a supplied materials' quality. An independent capacity to prove material standards is a long established commercial requirement currently absent from the nanomaterials industry.

INSCX exchange provides a working, neutral and confidential solution to independently prove the material quality of all exchange listed products. These products, nanomaterials, advanced materials and nano-enabled commodities, listed for physical delivery on the live trading platform will be independently inspected by IntertekMSG, the specialist nanomaterials arm of Intertek plc, one of the worlds premier names in materials measurement and characterisation, to establish quality prior to any buyer having to make payment.

Indemnification & Traceability

Products supplied via INSCX™ will be supplied accompanied by full Commodity insurance, covering commercial, political and financial risk delivery yet again another commercial benchmark. As regards traceability in a manner which does not impede the pursuit of compliant commercial opportunity, INSCX exchange provides a practical, working solution to meet regulatory calls for greater oversight in the use of nanomaterials whether for industrial and/or consumer deliverables purposes. From initial launch all commodities sourced via INSCX exchange are to be sequenced from source through the supply chain to end product using "Downstream Audit Sequencing", the exchange procedure to reference the unique trade ID reference generated at the point of trade on the exchange. This sequencing will be a mandatory requirement for all market participants enabling a full reverse audit referencing to occur on receipt of any formal request from a regulatory authority for full disclosure of exchange trading records in response to a proven EHS concern.

Tradition supporting Innovation

INSCX exchange sets the business standard for trade practice in nanomaterials and nano-enabled commodities placing at the forefront of sustainable commercialisation the introduction of disciplines by way of applying to the emerging nanomaterials industry the model of the open market. The exchange process is about enabling interaction between trade (Commercial User) buyers and sellers of these alternative commodities in accordance with the defined material and financial standards observed by the world of commerce proper.

The ability of the open commodity market process to deliver a level playing field to both buyer and seller has proven the catalyst to drive global trade in any industrial sector with coherence from the period of the first industrial revolution to the present. The market is the open gatekeeper "owned" by those who choose to use it, and in so doing opt freely to comply with its rules and regulations for supply and/or procurement purposes.

INSCX exchange is about the observance of trade standards and compliance in pricing, material quality, payment and delivery obligation. Its launch will now go some considerable distance toward helping the emerging nanomaterials industry to coordinate and sustain its organic growth in a manner capable of enlisting the support of the essentials of capital investment and indemnification whilst providing a commercial template to help official agencies of state continue the ongoing effort to fashion a practical regulatory framework for nanomaterials.

The exchange will as of tomorrow 8am GMT be open for business.

####

For more information, please click here

Contacts:
Contacting a Broker to Register or Trade

To contact either the exchange specialist dealers or registered Agency Brokers, the following contact details are provided:

INSCX™ Specialist Dealers
NanoCapital Markets (Stekram Markets)
+ 44 (0) 203 137 5187

www.nanocapitalmarkets.com

Approved Agency Brokers
NanoTech Partnership (NTP) Limited
+ 44 (0) 1782 454 144
www.nanotechpartnership.com

Copyright © INSCX exchange

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

Govt.-Legislation/Regulation/Funding/Policy

A new type of quantum bits July 29th, 2016

Thomas Swan and NGI announce unique partnership July 28th, 2016

Penn team uses nanoparticles to break up plaque and prevent cavities July 28th, 2016

Beating the heat a challenge at the nanoscale: Rice University scientists detect thermal boundary that hinders ultracold experiments July 28th, 2016

Investments/IPO's/Splits

Nanometrics Announces Upcoming Investor Events July 20th, 2016

Keystone Nano selected as a top scoring company by NCI investor review panel July 19th, 2016

Arrowhead Pharmaceuticals to Present at Cantor Fitzgerald's 2nd Annual Healthcare Conference July 6th, 2016

Nanometrics to Participate in the 8th Annual CEO Investor Summit: Investor Event Held Concurrently with SEMICON West 2016 in San Francisco June 22nd, 2016

Materials/Metamaterials

Scientists change properties of zeolites to improve hemodialysis July 29th, 2016

Lonely atoms, happily reunited July 29th, 2016

WSU researchers 'watch' crystal structure change in real time: Breakthrough made possible by new Argonne facility July 27th, 2016

New lithium-oxygen battery greatly improves energy efficiency, longevity: New chemistry could overcome key drawbacks of lithium-air batteries July 26th, 2016

Announcements

Scientists change properties of zeolites to improve hemodialysis July 29th, 2016

Novel state of matter: Observation of a quantum spin liquid July 29th, 2016

A new type of quantum bits July 29th, 2016

Lonely atoms, happily reunited July 29th, 2016

Safety-Nanoparticles/Risk management

UK NANOSAFETY GROUP publishes 2nd Edition of guidance to support safe working with nanomaterials May 30th, 2016

PETA science group publishes a review on pulmonary effects of nanomaterials: Archives of Toxicology publishes a review of scientific studies on fibrotic potential of nanomaterials May 26th, 2016

Common nanoparticle has subtle effects on oxidative stress genes May 11th, 2016

Non-animal approach to predict impact of nanomaterials on human lung published Archives of Toxicology publishes workshop recommendations May 2nd, 2016

Events/Classes

Nanometrics Announces Upcoming Investor Events July 20th, 2016

n-tech Research Announces August 3, 2016 Date for Smart Coatings Webinar July 18th, 2016

Instrumented Indentation Expert Addresses Trends with Industry Leaders: Leading nanoindentation expert hosts webinar discussing theory and practice of instrumented indentation July 14th, 2016

SUNY Poly Celebrates Its 10th Year Exhibiting at SEMICON West with Cutting Edge Developments in Integrated Photonics and Power Electronics July 8th, 2016

NanoNews-Digest
The latest news from around the world, FREE




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







Car Brands
Buy website traffic