Petrochemical Markets

Petrochemical Markets

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 is also the most widely utilized electronic platform to execute cleared financial transactions for managing price risk in these markets... price discovery, transparency and execution all in an equal access market.

Transaction Types

Transactions can be executed on HMX in two ways:

  1. Cleared through CME Clearport®, ICE Clear Europe. Cleared transactions are available to participants who are registered for CME Clearport®, ICE Clear Europe and have an account with a registered clearing firm (FCM).

    Products Available to Trade on HMX* for submission for clearing:

    *All transactions executed on the HMX Platform that are intended for clearing are submitted to the above clearinghouse through the HMX system on behalf of clearing participants by HMX Futures LLC. HMX Futures LLC is an approved Introducing Broker registered with the National Futures Association.
  2. 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.