Saint-Petersburg International Mercantile Exchange

Saint-Petersburg International Mercantile Exchange
E-trading system for commodity spot market

Saint-Petersburg International Commodity Exchange (SPIMEX) is a legal entity aimed at forming the wholesale market by establishing and regulating the exchange trade carried out in a form of electronic auctions hold at the pre-agreed premises and in time subject to SPIMEX regulations. In order to meet the demand of the major dealers on the Russian market of oil products and provide a fair price-forming mechanism through a planned trade system and a complex of information services, SPIMEX has formed a sector of Oil Products based on an integrated technological platform developed by CMA.

The system is based on CMA product - TRAD/X, which is a software platform for a full-scale trading system of commodity exchange. TRAD/X has a modern component service-oriented architecture providing the necessary performance and flexible functionality that can be used in conjunction with other products of the CMA Company, intended for automation of financial markets infrastructure (depository, clearing, payment systems).
 

Status: The system went into live operation in September 2009. Now CMA is developing a system upgrade for SPIMEX which will allow the customer to work with futures.

Case study (66 kb) PDF