MaterialsXchange

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


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

MaterialsXchange announced the launch of its new updated e-commerce platform on February 1, 2023. The updated marketplace, available at materialsxchange.com, offers a streamlined ordering process where suppliers can list products either as an “ask” or a “bid” and buyers can receive alerts or order products directly. The technology, powered by Mickey, offers live, real-time order tracking and pricing transparency. Mickey is a tech company that builds B2B e-commerce platforms and marketplaces. MaterialsXchange joined forces with Mickey in September 2022 and used its backend operating system to rebuild the platform.[2]

History[edit]

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

Products and Services[edit]

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[edit]

References[edit]