MaterialsXchange

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MaterialsXchange
MaterialsXchange logo.jpg
Founded 2019
Headquarters Chicago, U.S.
Key People Mike Wisnefski, chief executive
Products electronic exchange, commodities
Website www.materialsxchange.com


MaterialsXchange (MX) is an an electronic marketplace for buying and selling raw materials that went live in October 2019. [1]


History

The first listings on MaterialsXchange were wood products, specifically Oriented Strand Board, European Spruce lumber and Southern Yellow Pine lumber. The inaugural transaction on MX matched Binderholz Timber Inc. (a seller) with Hart Lumber a (buyer) for a first-ever deal between the two and consisted of a full truckload of 2x4 Euro Spruce from the Port of Houston.

Historically, MX founders say, the commodity materials markets have been impeded by a lack of price transparency and an inefficient “call around” structure.

Products and Services

The MX platform's two-sided price format, with continuous updates of transparent data, enables buyers and sellers to place bids and offers in real time.

Key People

References

  1. MaterialsXchange Launches with First Raw Materials Transaction. MaterialsXchange via Businesswire.