AUCTIONS

In addition to a standard bid / ask marketplace, the HCX platform can allow participants to run auction events in a variety of formats, in addition to specific products events can be useful for such markets as pipeline capacity, fractionation or storage capacity and dedicated term or spot waterborne   dock loading space among applications.

PARTICIPANTS

Participant companies include producers, consumers, distributors, traders, transportation and logistics companies and financial institutions within each product class companies must qualified investors or commercial entities and must execute the standard HCX agreement.

OPERATING METHODOLOGY & 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 completed however, all bids and offers are fully transparent to all participants in the market. Counterparties Are revealed to one another only upon satisfactory negotiation or transaction terms, the HCX platform contains a built in credit management matrix for bilateral transactions that is individually and securely managed by each party company. The system security will not allow participants company to transact with a counterparty for which it does not have pre – existing market credit terms before transactions settle through physical delivery at the appropriate agreed delivery location.