INSCX™exchange © 2012. All Rights Reserved.
How to join and use INSCX™ exchange
Guidelines for Commercial users
Registration: New Commercial users can register to join INSCX™ exchange using the
online registration link. On receipt of your completed application an Exchange representative
will contact to discuss your requirements, user classification and any other compliance
needed to successfully register with the Exchange. Member Fees: These will be required
fully paid-up before approval of membership and granting of access to the Exchange
trade platform. On being approved a new user is then permitted to list for trade
or instruct trade to required material specification.
Non-Commercial users are organisations or individuals seeking to accept instruction
to trade on behalf of Principal and Commercial users of the Exchange. A principal
is deemed either the title owner or end-buyer of a listed commodity. Categories:
Two categories of non-commercial user member are permitted on INSCX™ exchange: Merchant
Member Firms and Merchant Affiliates, the latter supervised by a Merchant member
firm. Registration: Non-commercial users apply to register as Commercial users using
the online registration link, but will be expected to provide satisfactory proof
of commodity industry competence to the Exchange before being approved as members.
Note: Non-Commercial user applicants wishing to conduct business in nanomaterials
and ALL wishing to act as a Merchant Member Firm are obligated to complete formal
Exchange examinations before being approved members.
Checklist for New users.
Completing registration and using the Exchange.
New users [Commercial and Non-Commercial] are requested to provide as much information
to the Exchange as possible to help us best understand your requirements to trade
advanced and more traditional commodities.
Registration: Complete all the required fields listed on the online registration link. Applicants failing to do so will be rejected. Corporate Profile: Applicants are advised to send using the link a corporate summary of their organisation under separate cover to support their application. Producer and end-users are expected to detail banking/payment details, MSDS for supplied or required materials, details of Intellectual property and acting attorneys if applicable. Trading: All instructions to list new materials, or trade any material currently listed on INSCX™ are conveyed in the first instance to either a Merchant Member Firm, Merchant Affiliate and/or direct to the Exchange specialist dealers at NCM. Trade Placement Verification: All Exchange Users will be expected before acceptance of any instruction to prove to the Exchange specialist desk authority and ability to purchase or supply a material for listing on the live market. Refusals: The Exchange specialist will refuse for placement any unverified claim from a non-commercial mandate to act for a principal supplier or end buyer of materials, facilitate any mandate seeking to breach agency rules of trade or accept instruction to buy or sell from a non-verified Principal. Protocol for Mandates: A defined protocol is followed to safeguard a mandate-principal relationship once proven to the Exchange specialist. Mandates can instruct their categorisation by specialist a status as the approved mandate for a verifiable principal source, or end buyer of product they can prove to represent. Any trade then executed with the Principal by an Exchange user through the specialist desk will be notified to the registered mandate where a fee accommodation for the mandate will be agreed beforehand. Extent of Material Listing: Exchange users can instruct listing of any physical commodity for trade to purchase
or offer for sale to instruction. Best Price: The Exchange is an Electronic open-market system enabling buyers and sellers to interact anonymous to one another to determine suitable target price levels. Trade agreed is identity confirmed ONLY as executed to parties concerned. Quotes: Where an accurate material price is known buy or sell, this will be reflected by the specialist desk on inquiry. All users can instruct acceptance to trade at price, or issue a counter-instruction buy or sell to the specialist. Final Price: The principal of best execution to target or better will apply to the price obtained on any trade execution. No-Ouote: The specialist retains discretion to refuse to quote a price for any material to a non-registered party. Prohibition: The Exchange will reject for placement any and all of the following: Unrealistic buy or sell targets constituting “fishing”. Attempts to present for live listing any unverified principal buy or sell instruction. Any attempt to amend final trade price beyond agreed fees. Reporting: The Exchange operates a proactive stance toward official regulation and compliance in accordance with the laws of the United Kingdom and host countries where the Exchange operates. Notice: All Exchange users are advised to note the Exchange will report to authorities any inducement to breach anti-corruption, bribery, money laundering, registration or official sanction restriction. Disclosure: The Exchange will not permit disclosure of trade detail over and above trade basics: Material, price and quantity traded to any non-principal involved with the trade execution. Exception: Disclosure will be authorised ONLY to a duly appointed regulatory body or on receipt of legal order. Trading: to access the live Trade Platform, Users can access the LOGON link here.
Guidelines for Non-Commercial users
TORS® [Trade Order Routing System] - The Exchange deliverable is an electronic trade
platform accessible through a secure web-browser link to registered users.
Multiple Commodities - Combing with Comdaq the Exchange lists a diverse suite of
traditional and advanced commodities.
