FEX Market Site
Broadcasting live from the heart of the financial district
FEX market site
5 Bridge Street Sydney Australia
Message from the CEO
Welcome to The Financial and Energy Exchange Group
Thank you for visiting the FEX corporate site.
I would like to take this opportunity to sincerely thank our shareholders, employees and business partners for their ongoing support in the development of the Financial & Energy Exchange (FEX). The effort has been exceptional and has been very much appreciated. In particular both Nasdaq-OMX and The Clearing Corporation have provided world class services during the development phase. The seamless integration of the Mercari OTC business has been a credit to the Mercari founders. Most importantly, to our customers, thank you for your support, patience and enthusiasm.
Going forward, we aim to further develop our energy and financial product offerings. For example, as compliments to our energy product suite, we plan to offer LNG and steel futures and options contracts. We also plan to increase the offer of the number of environmental risk management trading products.
FEX and its partners understand that these products must be constructed in line with world class standards for integrity and fungibility. For this reason, I welcome the enVex initiative and am excited about the credibility and relevance of product proposed for the FEX environmental markets.
My personal goal is to work within the Asian region to maximize the amount of pricing information and market access available to participants and stakeholders within financial and energy markets. I believe that the promotion and facilitation of open and transparent markets will further promote regional price discovery, most important for input pricing decisions and price/production risk management. Open and transparent markets are an essential and valuable resource in capital allocation and business decision making, ultimately required to promote and sustain the region.
Our FEX team goal is to provide a traditional market place with leading technology and a forward thinking service attitude which balances the needs of both current and emerging industry stakeholders.
Brian Price
FEX Group CEO
FEX Group News
- 15 August 2008 Opening of FEX Market Site The FEX Market Site will be the physical presence of the Financial and Energy Exchange and will also be the broadcast facility for CNBC’s Australian segments broadcasting live daily.
- 11 July 2008 Financial & Energy Exchange chooses Argus coal indices for settlement Sydney based Financial & Energy Exchange (FEX) is the latest exchange to choose Argus Media’s price indices to settle over-the-counter coal contracts.
- 1 July 2008 Climate Exchange plc Acquires 25% stake in enVex In a move that is expected to accelerate the development of global carbon emissions trading, Climate Exchange plc, operator of the world’s largest carbon emissions marketplaces, has today acquired a 25% stake in enVex.
- 26 March 2008 Joint venture with Macquarie Capital Group – forms enVex Climate Change Products enters into a services agreement with the Financial & Energy Exchange (FEX) to manage product development and marketing for FEX markets.
- 8 January 2008 Acquires 100% of Mercari Mercari Direct had developed preparatory technology which is a patented secure interactive trading system for OTC products will become the platform for the Financial and Energy Exchange (FEX) new OTC products.
- 17 November 2007 Signs agreement with Clearing Corp The Clearing Corporation (CCorp), is the world’s only independent derivatives clearinghouse, has entered into an agreement to provide clearing and settlement services for derivative products traded on the new Financial and Energy Exchange of Australia (FEX).
- 11 May 2007 Signs agreement with OMX The Financial and Energy Exchange (FEX) will utilize OMX technology, the premium matching engine technology supplier to world exchanges, for its futures market trading engine.