Agora-X, LLC is a Kansas City, MO. based Delaware LLC founded to provide an efficient trading platform to serve the rapidly growing institutional market for over-the-counter (OTC) commodity contracts:
- For agricultural products, established an independent electronic communications network (ECN) negotiation platform launched December 2008;
- For energy and metals products, established an independent exempt commercial market (ECM) trading platform launched January 2009.
In February 2008, NASDAQ OMX acquired a 20 percent ownership stake in Agora-X to further their strategic focus of bringing efficiencies and cost savings to the broader trading arena.
To date, Agora-X has successfully established various clearing agreements, automated cleared trading, integration with ISV's and commenced electronic trading of select commodity products.
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