The platform may be used between trading entities, by brokers supporting corporate clients, external traders and among organizations seeking internal trading. In addition to its core Exempt Commercial Market (ECM) for trading exempt commodities such as energies and metals, Agora-X provides a flexible and customizable Electronic Communications Network (ECN) platform for qualified traders to negotiate and trade bilaterally negotiated OTC derivative contracts on energies, metals, agricultural and soft commodities. Key platform features include:

Financial and Physical Market Platform
Agora-X is a facility where traders can trade or negotiate standardized financially-settled derivative contracts as well as contracts for physical delivery of commodities. Future platform features will offer the flexibility of choosing standardized master agreements, created in the form of industry-standard agreements (e.g., ISDA, NAESB, EEI) as well as custom negotiated ("bespoke") contracts.

Automation of OTC Negotiations, Confirmations & Trade Reporting
Agora-X provides a highly efficient marketplace to automate the negotiation process as well as confirmation and back-office functions for participants in OTC derivatives transactions.

Centralized Clearing Capability
Agora-X offers automated clearing for a number of standardized contracts on the ECM as well as negotiated derivatives on the ECN via its clearing relationship with CME ClearPort. To provide greater choice for participants, Agora-X is currently negotiating clearing arrangements with several other derivatives clearing organizations.

Integrated Compliance Tools
To facilitate regulatory compliance and reporting, Agora-X offers a convenient toolkit enabling participants to establish an audit trail for OTC transactions, including such key features as position accountability levels, volume and position limits, and regulatory reporting.