FEX Market Site
Broadcasting live from the heart of the financial district
FEX market site
5 Bridge Street Sydney Australia
Mercari Direct Markets
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About The FEX Group
The Financial and Energy Exchange group (FEX) is developing a suite of services for the Asian energy markets.
The Financial and Energy Exchange Group (FEX) is developing a suite of services for the Asian energy markets further facilitating the ongoing electronification and derivitisation of markets.
The benchmark FEX products will include traditional Asian energy products such as crude oil and thermal coal. The offering will also extend to emerging energy and environmental products to help service existing and new liquidity pools.
Bilateral and cleared OTC, futures and option contracts for the benchmark energy and environmental products are targeted to be developed in H2 2010.
The FEX futures market will utilize OMX technology, the premium matching engine technology supplier to world exchanges. OMX are implementing a FEX proprietary matching algorithm to the derivatives marketplace.
The FEX development effort for its derivative market structure is near completion and on schedule for the integration testing of the full market solution in H2 2010.
Our markets will support electronic access via various messaging alternatives including native APIs, FIX and XML, depending upon market demands.
The FEX OTC platform, Mercari, utilizes patented and secure interactive technology. Mercari is a proven and robust fully integrated electronic system currently being used in the Australian OTC interest rate and foreign exchange swaps markets.
FEX, via its controlled entity Mercari, holds an Australian Market License (AML) for OTC derivatives in Australia. FEX has applied to the Australian Securities and Investment Commission (ASIC) for approval to hold a full AML for exchange traded derivatives. FEX is working closely with the regulator to ensure the full licensing requirements are satisfied in a timely manner.
The Financial and Energy Exchange ownership is comprised of a consortium of energy, financial market participants, traders, and investors. Shareholders include major mainland Chinese energy groups, OMX technology AG, AMB Holdings of Western Australia, The Allied Group and the private equity group Iron Mountain.