About

MaterialsXchange is an electronic marketplace
for buying and selling raw materials.

We Believe…

  • Buying and selling raw materials should be easy.

  • Accessing a product’s price should be available for all.

  • Making transactions should be instant — with just the click of a button.

  • Transferring money between parties for goods bought and sold should be quick and seamless.

  • Shipping from seller to buyer should be trackable and hassle-free.

We have built a marketplace that is user-friendly and ultra-efficient. It is a network of digitally connected users who communicate in real time with instantaneous interactions.

GET IN TOUCH

Our mission is to foster the evolution of commerce in commodity raw materials by empowering users with innovative technology solutions. We fulfill this objective by providing a digital platform that creates efficient transactions and real-time pricing for all market participants.

Making Commodity Commerce Faster &
Completing the Digital Supply Chain

Consider for a moment the immense size of the global raw material markets — these include food and feed products like rice and corn, energy products such as oil and electricity, and building products like steel and lumber.

Currently, the spot markets for most commodity materials operate in an inefficient and labor-intensive peer-to-peer “call around” structure. These marketplaces have very little, if any, real-time market price transparency. At the same time, payment processes are archaic by today’s standards and fraught with credit risk for the sellers.

The team at MaterialsXchange is changing all of this.

Currently, the spot markets for most commodity materials operate in an inefficient and labor-intensive peer-to-peer “call around” structure. These marketplaces have very little, if any, real-time market price transparency. At the same time, payment processes are archaic by today’s standards and fraught with credit risk for the sellers.

The team at MaterialsXchange is changing all of this.

We have adapted technology from the financial trading world that has been proven to create real-time price transparency, maximize the viewable market landscape, and reduce transaction costs. The MX platform is an ultra–efficient, B2B e-commerce solution with a user interface that resembles and functions similarly to today’s mature electronic financial trading markets.

This “Xchange” displays a two-sided price format that allows buyers to place “bids” as easily as sellers can place “offers”. All orders entered into the market are live or actionable, and this market data can be used efficiently in the post-transaction processes of fund transfers and logistics.

MX is built to be scalable. Our technology can handle any product traded in a commoditized market environment and is built so that back-office functionality can grow in tandem.

We have adapted technology from the financial trading world that has been proven to create real-time price transparency, maximize the viewable market landscape, and reduce transaction costs. The MX platform is an ultra–efficient, B2B e-commerce solution with a user interface that resembles and functions similarly to today’s mature electronic financial trading markets.

This “Xchange” displays a two-sided price format that allows buyers to place “bids” as easily as sellers can place “offers”. All orders entered into the market are live or actionable, and this market data can be used efficiently in the post-transaction processes of fund transfers and logistics.

MX is built to be scalable. Our technology can handle any product traded in a commoditized market environment and is built so that back-office functionality can grow in tandem.

Our Markets

The first industry featured on our platform is wood products. North American total production of softwood lumber and structural wood panels is equivalent to over 3 million truckloads. However, no efficient digital solution for managing transactions in the wood products supply chain currently exists, making the industry ripe for modernization. Materials Xchange is ready to propel that modernization by making commerce more efficient, which cuts costs.

The Time To Evolve Is Now!

We are a Qualified New Business Venture (QNBV) for the Illinois Angel Investment Credit Program.