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Integrated Nano-Science Commodity Exchange From Wikipedia, the free encyclopedia Integrated Nano-Science Commodity Exchange

Type	Commodities exchange Location	xxxxxxxxx, United Kingdom Founded	2009 Owner	xxxxxxxxxxxxxxxxxx Currency	United States Dollar Volume	xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx Website	inscx.com The Integrated Nano-Science Commodity Exchange (INSCX) is a specialist exchange pertaining to Nanomaterials. It operates from several locations specific to operation in the UK cities Stoke-on-Trent and Manchester

Contents [hide] 1 History 2 Commodities Traded 3 Facilities 4 Trading 5 Members 6 Nanomaterials 7 Electronic trading 8 References 9 External links

[edit]History

The Integrated Nano-Science Commodity Exchange was founded in 2009 and was the first commodities exchange to provide a commercial, physical dealing market place for engineered nanomaterials, objects and devices and traditional commodities relevant to embedding of nanomaterials. A Commodity Exchange is where buyers and sellers agree what is to be exchanged, to what standard and manner of payment. The global exchanges existing today owe their origins to systems created by trade interest many centuries ago. Commodities Markets can trace their origins back to the Royal Exchange opened in London in 1571. Before the exchange was created, business was conducted by traders in London coffee houses using a makeshift ring drawn in chalk on the floor.[2] [edit]Commodities Traded

INSCX exchange is a commercial-user marketplace for trade in contracts pertaining to the delivery of underlying nanomaterials, nanocommodities, knowledge and more traditional commodities such as Base Oils, Cement, Polymers, Titanium Dioxide (TIO2) and high purity minerals. [edit]Facilities

X [edit]Trading

Trading Times: 09:30 — 17:30, London Time Trade on INSCX™ exchange is conducted on a spot and forward basis via an electronic trade platform specific to the listing of accredited, inspected and validated engineered nanomaterials and nano-enabled commodities for physical delivery in addition to other traditional commodity categories. Use of the Exchange by commercial users [producers and end-users] is facilitated through approved non-commercial Merchant members using a specialist system of order placement and execution. [edit]Dealing Members

Membership of the Exchange is open to Commercial [Producers and end-users] and Non-Commercial members [merchants] acting to facilitate Commercial users. Producers are assessed for admission to the Official Member or Approved Member list. Exchange membership is conditional on member conformity with the rules of the Exchange. [edit]Nanomaterials

The materials base of nanoscience are nanomaterials in much the same manner as the material of iron ore drives global production in steel, or the refining of crude oil acts as the driver of the fuel, energy and polymer sectors of the world economy. While nanomaterials are commoditized and non-commoditized the requirement to use an effective mechanism to deliver certainty and economies of scale in single supplier and multiple supplier grades of materials is compelling. A material becomes commercially useful provided a producer can profit from producing it, balanced against a user seeking to profit from the sale of a good, application, resource or service delivered using the material in question. [edit]Electronic trading

INSCX launched an electronic trading platform called Trade Order Routing System (TORS) in December 2010 combined with an independently managed trade clearing and settlement structure using accounts maintained with UK FSA regulated bank and clearing agents.

[edit]See also

List of futures exchanges [edit]References X

[edit]External Links