Currently, the spot markets for most commodity materials operate in an inefficient and labor-intensive peer-to-peer “call around” structure. These marketplaces have very little, if any, real-time market price transparency. At the same time, payment processes are archaic by today’s standards and fraught with credit risk for the sellers.
The team at MaterialsXchange is changing all of this with our digital marketplace.
Our marketplace is user-friendly and ultra-efficient. It is a network of digitally connected Users, communicating in real-time with instantaneous interactions.
Our mission is to foster the evolution of commerce in commodity raw materials with innovative technology that ensures everyone equal access to the markets. We provide a digital platform with real-time market prices and efficient transactions, offering you less time spent “shopping” and no paperwork.
We have adapted technology from the financial trading world that has been proven to create real-time price transparency, maximize the viewable market landscape, and reduce transaction costs. The MX platform is an ultra–efficient, B2B e-commerce solution with a user interface that resembles and functions similarly to today’s mature electronic financial trading markets.
Technology solutions, like ours at MX, bring efficiency, lower costs, and less waste.