Frequently asked

Questions, answered.

Everything about how MMX works — the Hub, the framework, and post-trade settlement. Can't find it? Register your interest and we'll be in touch.

What is MMX?

MMX is neutral digital infrastructure for physical commodity trading: a Liquidity Hub for execution, the MMXFA legal framework, and a Post-Trade platform for settlement — connecting producers, consumers, traders, brokers and price reporting agencies in one workflow.

Is MMX a trading venue? Does it compete with my broker or bank?

No. MMX is agnostic and neutral. It does not compete with brokers, banks, or the venues you already use — it sits beneath them and enhances them. Counterparty choice and credit decisions remain entirely yours.

Do I have to use the Liquidity Hub to use Post-Trade?

No. Whether you trade on screen via the Hub, through a broker, or bilaterally off-screen, you simply book the agreed trade into the Post-Trade platform. The workflow is identical either way.

What is the MMXFA?

The MMX Framework Agreement is a standardised legal framework embedded into contracts. You sign once, and it then governs documentation, settlement procedures, and post-trade workflows across all counterparties — so you are not renegotiating terms on every cargo.

How does MMX speed up settlement?

Today, documents move sequentially between parties and banks, adding weeks. MMX coordinates documentation, bills of lading, and LC workflows concurrently within one standardised workflow, surfacing discrepancies earlier. Settlement in days, not weeks.

Do I need to change how I trade?

No. MMX adds no change to how you trade. It standardises the contractual framework, documentation, and settlement workflow beneath however a trade is agreed.

I already use eBLs and digital document tools. How is MMX different?

Most eBL platforms digitised the documents but still process them sequentially. MMX enables the entire trade chain to operate concurrently — it re-engineers the workflow itself, not just the paper.

Who is MMX for?

Producers, consumers, traders, brokers and agents, and price reporting agencies — anyone in the physical commodity trade chain.