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INSCX™ exchange (The Integrated Nano-Science & Commodity Exchange) launches an upgraded version of its electronic trade platform, TORS® (Trade Order Routing System) providing a comprehensive listing for physical delivery of engineered nanomaterials, nanocommodities and traditional commodities ranging from Polymers, Base Oils, Cement and Titanium Dioxide. Access to the platform is available by annual subscription viewed using a secure web-browser interface. The platform can be made available Access Only also for users requiring simply more accurate and efficient pricing/supply informations and to Trade Access users of the Exchange requiring to conduct actual physical trade in the various commodities listed for trade. Listings are on a Spot or a Forward delivery basis.
To instruct physical trade users must first register with the Exchange and establish ability to perform to the satisfaction of the Exchange registrar before maintaining a Commercial Trade Account with a Merchant (Non-Commercial) member of the Exchange authorised to accept instruction to trade. Some 10 categories of physical delivery commodities are listed for trade providing a comprehensive first in hitherto non-exchange traded materials such as commodity/speciality polymers, TiO2 and Base Oil in addition to engineered nanomaterials and nanocommodities suited to high volume uptake. Provision is enabled to accomoadte within the platform listing of knowledge based resource in addition to nano devices, objects and capacities. Working with the Exchange are a number of global producers, end users and merchant traders spread across more traditional commodity sectors and some 30 NM producers worldwide domiciled in the EU and emerging markets in particular.
Commenting on the decision to list more traditional commodities alongside nanomaterials, Mujdat Karatas, Head of Trading, INSCX™ stated:
"To achieve high-volume uptake NMs must find relevance within established resource and commodity sectors while developing entirely new sectors. Aside from nanotechnology being able to provide better resource solutions, the achieving of sales traction in favour of individual producers requires a system to test/enable uptake, financing to produce and a methodology to assure performance in supply/accountability. The system used in the past by emerging materials sectors, many now proving the stables of our global economy was the formal commodity exchange process. NM producers now have a similar system - it is their choice to become involved or to continue the fragmented approach many have chosen to date reliant on wholly unsuitable sources of capital support and appeal to potential.
Concluding, Mr Karatas added:
"To achieve a second industrial revolution involving use of nanomaterials, we suggest new industry must strive to incorporate the key commercial tool that aided the first, namely the organised exchange system."
One key aspect of the TORS® system apart from offering buyer and seller transparancy is the ability INSCX™ retains to develop in partnership with other exchanges a series of physically backed derivatives reflective of the entire scope of sectors such as the global polymers and TiO2 industry. Gavin Leech, Physical Operations Director, INSCX™ pointed out:
"It is proving almost impossible for investment exchanges to develop liquid financial, investment grade contracts in hitherto non-exchange listed commodity sectors without referencing to a physical, commercial exchange. The physical commercial exchange provides a basis for trade and speculative pricing while enabling assurance to the financial trade house that a derivative contract has ultimately a physical backing to enable a realistic mark-to-market throughout the cycle of the derivative contract. TORS® will hasten the development of the necessary linkage that has proven absent in most cases to date."
With recent EU moves to instigate a mandatory reporting system for supply/use of engineered NMs the TORS® system already incorporates a commercially viable reporting system unique to an individual transaction in a listed nanomaterial enabling secure track/trace and the NanoTraq automated and secure databased managed jointly between the Exchange and Inspectron in the UK. Access to use TORS for trading purposes is made available to producers/converters, merchants and global commodity trade houses that are established competent and agree to abide by Exchange rules. Access only access is made available to any subscriber paid up. To register to and/or LOGON if registered with the Exchange, the link www.comdaq.net/comdaqnet.asp?calledsite=INSCX can be uploaded using a standard web-browser.
About INSCX™ Exchange
INSCX™ exchange [Central Clearing Limited] is a commercial user commodity exchange for physical delivery of underlying materials against listed contracts. Registration Number: 07787171. www.inscx.com
To the extent the user is entitled to disclose and distribute this document, the user may forward, distribute, and/or photocopy this copyrighted document only if unaltered and complete, including all of its headers, footers, disclaimers, and other information to appropriate parties only. INSCX™ exchange, Merchant Member firms thereof and/or Members admitted to the Official List [the “parties”] do not guarantee, represent, warrant, or otherwise guarantee, expressly or impliedly, the merchantability of material(s) supplied against contract(s), fitness for a particular purpose, or suitability of underlying material(s). The user is solely responsible for all determinations regarding any use of underlying material(s) supplied against contract(s) and any process in its territories of interest. The parties expressly disclaim liability for any loss, damage, or injury directly or indirectly suffered or incurred as a result of, or related to anyone using the underlying material(s). Exchange provision is enabled for user guidance on purchase of supporting Technical Support Contract(s) [TSC] relevant to the material(s) and reference to regulated and industry approved insurers. Listed contract(s) are not promoted as suitable for investment purposes, as defined by the UK Financial Services and Markets Act 2000 (Regulated Activities) provisions. Underlying material(s) delivered against contract(s) are subject to independent assurance to specification(s), good delivery, and in the case of engineered nanomaterials [NMs], compliance with Nanomaterials Safety, Health & Environment [SHE] good practices and INSCX™ “Track and Trace”.
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