Internet commodity exchange
September 01, 2000
by Emily Wilson
Internet Commodity Exchange
(ICEcorp.com), Shawnee Mission, Kansas, U.S., is an online exchange created by
commodities traders for
commodities traders. Its web site, www.ICEcorp.com
, enables users to track, buy and sell at better prices over a broader share of the market. Traders can now "tender" for commodities, allowing foreign buyers or sellers to "float a tender" for a specific commodity without attaching a price. Recipients of tenders can respond with bids or offers for quantities even if less than the tendered amount. For the first time, this creates the opportunity for domestic traders to tender for products. ICEcorp.com allows easy accessibility to trading information, rapid connections to specific commodities and prices and comprehensive monitoring of trade activity.