HMX is a primary execution platform for petrochemical trading. Producers, consumers, traders and financial institutions use the HMX platform to buy or sell physical ethylene, propylene, and benzene at primary industry trading hubs in the US Gulf Coast. The HMX platform has price discovery, transparency and execution all in an equal access market.
Transactions can be executed on HMX in:
Bilateral physical**. Participants manage counterparties through a built in credit management matrix individually and securely managed by each participant company. Bilateral transactions typically settle either through physical delivery at the appropriate agreed delivery location. The contracts between counterparties to bilateral transactions are typically those contract arrangements already existing between such counterparties.
**HMX can add additional products/locations upon request. HMX does not manufacture, buy, sell, distribute, transport, store or otherwise take title to any physical product, nor do we represent or guarantee the quality, specifications or delivery of any product a participant buys or sells with a counterparty they have transacted with through HMX.