FEX - The Financial and Energy Exchange Group

The Public Interest Journalism Foundation Australia

As of May 2010 FEX is proud to have become a founding sponsor of the Public Interest Journalism Foundation.
The mission statement of the Public Interest Journalism Foundation is

The Foundation promotes and enables innovation in public interest journalism. It develops and tests emerging models of journalism to inform an engaged and accountable society. Our guiding principle is public interest through knowledge development, collaboration and sustainability. We act with integrity, honesty, transparency and independence.

Mercari eSEF is a best practice electronic swap execution facility platform offering numerous features to assist participants with managing their order and trade books. Incorporating best practice trading, order management and audit features, Mercari eSEF powers swap and OTC markets.

Unlike most other electronic platforms, Mercari eSEF was developed by swap market professionals to reflect swap market practice and conventions. The Mercari eSEF development team had more than 40 years combined interest swap dealing and broking experience.

As an electronic system, Mercari eSEF meets user and regulatory requirements of fair, orderly, transparent and efficient markets.

Mercari eSEF brings not only efficiency but security to trading whereby each transaction is encrypted. Once a trade is completed, it is archived for 7 years with only the central system operators having access to trade records.

Mercari eSEF also provides a sophisticated credit management framework incorporating bi-lateral, cleared and hybrid (combined cleared/bi-lateral) credit environments. This allows credit and risk managers to more efficiently manage risk and capital.

A key value proposition of the Mercari eSEF technology is that it incorporates 2 fundamental markets structures and hybrids thereof:

• Direct inter-dealer markets; and
• Indirect brokered markets.

Mercari's investment in technology underpins its philosophy to bring together the best trading concepts with key and relevant end user functionality. Mercari eSEF uses Microsoft's .NET Framework technology.