FlettExchange.com
Flett Exchange™ operates an electronic marketplace for intermediate sized commodities. The exchange develops contracts in specific commodities. It then allows customers the ability to negotiate for price and while self tailoring their orders using the "grey area details"™ functionality. Customers agree to a user agreement to participate which enforces a open and competitive marketplace environment.
Products Traded
The New York City Taxi medallion market was launched in November 2006. Flett Exchange, LLC is a registered by the Taxi Limousine Commission of New York City as a Medallion Broker.
Flett Exchange, LLC is headquartered in Jersey City, New Jersey
Through the use of proprietary software, Flett Exchange provides client interaction and the ability for customers to achieve the best market price. Flett Exchange plans on leveraging their business model, by entering, establishing and benefiting new markets in various commodities. Flett Exchange bases its market structure on the traditional commodities exchanges. It employs rules geared towards running an efficient marketplace. These include requiring customers to post margin to reduce the likelihood of counter party default, facilitating money transfers between customers and standardizing commodities. It uses the Internet to reach a global audience and employs “gray area details”™ which enables customers to self-tailor their deals.
Its first contract is New York City Taxi Medallions. The Flett Exchange employs a registered team of brokers bonded by the Taxi Limousine Commission of New York City (license #r0064).
Title
Flett Exchange - Trade Everything - The online commodities marketplace
Description
Excerpted from the website description:
- The Flett Exchange is an online "intermediate sized" commodities marketplace built on a hybrid of technology and the market structure of traditional commodities exchanges. The core of our business lies in an open, competitive marketplace. The result is market transparency with many players creating a single place for price discovery⁄transparency.
Additional Information
Related Domains
Address
- 15 Exchange Place
- Suite 710
- Jersey City, New Jersey 07302
