Metalshub launches “long term contracts” feature

Düsseldorf, 29.10.2019 – After the enormous success of spot transactions, Metalshub launches a new feature enabling long term contracts. The digital platform for buyers and sellers of metals and ferroalloys thereby continues to bring digital innovation to a traditional market and build the metals marketplace of the future. The new feature of the trading platform provides two new elements that simplify negotiations for long term contracts. First, the multiple deliveries feature enables buyers to specify the total quantity of material with the possibility to include volume optionality. Additional settings include the number of deliveries as well as the respective delivery period / call offs. Second, the new index based contract feature allows buyers to choose from multiple indices in the market and thus define the index they want to base their contract price on. The pricing formula can be filled in percentage-based and/or in absolute values (e.g. index -3% +0.10 $/kg). “It was our main goal, to provide another value-adding service to our users that is as easy to handle as our whole marketplace.”, explains Dr. Frank Jackel, Co-Founder and Managing Director of Metalshub who is taking care of the user-oriented product development. “We are also working on the possibility… continue reading

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Source: CTRM Center

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