Zurich, Switzerland, September 17, 2011 --(PR.com
)-- The Swiss multi-product online commodity derivatives exchange (Swiss-Intrex), announced today that the exchange expects to go live with its new arm of agricultural commodities trading in 2012.
The Swiss Intrex is strongly positioned to offer an integrated and single-platform for multiple agricultural products. It has completed conformance testing with Independent Software Vendors (ISVs) and industry-wide testing with member firms prior to its impending launch.
Mr Peter Faust, Vice Chairman of the Swiss Intrex and Group CEO, said, “The new agricultural platform will be the first stand-alone and next-generation global online derivatives exchange for unrestricted cross-border trading in futures and options derivatives across multiple asset classes. We are looking forward to our newest venture to establish a footprint for transparent electronic trading that will manifest itself as a major platform for price discovery for agricultural commodities trading.”
Mr Benedict Masuda, Operations Director, said, “We are witnessing increasing attention in the global commodities markets. The Swiss Intrex’s launch is a step in the right direction as interest in commodity futures trading has grown rapidly in recent years compared to more traditional forms of investment.”
The Swiss Intrex’s first phase of agricultural product launches will be followed by multiple product launches to be introduced in the market after initial consultation with industry participants.