Olefins
Olefins include ethylene, propylene and butadiene, the raw materials for many plastics. Multiple manufacturers make and store these raw materials. Plastic manufacturers employ traders to bid for the raw materials and arrange shipping or storage. OrderMatch™ software can provide a marketplace allowing olefin manufacturers to enter prices and plastic manufacturers to enter bids to buy. The software conducts a transaction when the buy and sell price match. Shipping, storage and payment is arranged by the administrative functions of the software. Credit qualifications for buyers can be entered and hold or release functions set. The software can handle any size buyer or seller and any size transaction, even if multiple orders to one buyer or seller. Buyers and sellers are anonymous to each other. The software provides a more efficient platform for traders and in some cases customers and manufacturers can conduct self-directed transactions without intermediaries.
