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PureBytes Links
Trading Reference Links
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Pretty cool stuff in my opinion.
Robert
At 09:18 PM 6/12/00 -0700, Jim & Bullseye wrote:
>This appeared today in a Silicon Valley
>newsletter...
>
>Commodity Markets B2B Venture Kiodex Launches
>
> Launched today, online risk-management firm
>Kiodex hopes to do for
>commodity markets what pioneering dot-coms
>such as Datek Online and
>Ameritrade have done for stock trading:
>change the rules by
>broadening accessibility to information
>traditionally reserved for
>insiders only.
>
>Or, as Kiodex CEO Martin Chavez puts it,
>increase the transparency
>and liquidity of the Web-based commodities
>industry--traditionally a
>highly volatile market--by creating a market
>that is open to
>everyone.
>
>The Midtown-based firm derives its name from
>kiodynos, the Greek word
>for risk, and ex (from exchange). Individual
>investors contributed
>the firm's $8.2 million start-up fund.
>
>VP of Business Development Raj Mahajan,
>formerly an investment banker
>and commodities expert with Goldman Sachs,
>said the founders' Wall
>Street experience led directly to Kiodex's
>creation. "At Goldman and
>[Credit Suisse] First Boston [where CEO
>Chavez previously worked],
>there was one stark realization we, the
>founders, all had: the people
>transacting in the market don't have the
>tools to do it well and do
>it safely," he said.
>
>Kiodex's core technologies will allow users
>of commodity-linked
>financial products to trade in fairer
>markets, according to Mahajan.
>"With the advent of e-commerce, you need good
>technology to trade
>derivatives that are generally traded over
>the phone," he said. "What
>we're creating is a distribution channel. ...
>Our goal is to level
>the playing field."
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