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To: sam who wrote (593)	12/2/1999 1:00:00 PM
From: sam	Read Replies (1) \| Respond to of 2110

More news: TradingDynamics Provides Powerful Auctions to CheMatch.com's Global Chemical Trading Exchange MOUNTAIN VIEW, Calif., Dec. 2 /PRNewswire/ -- TradingDynamics, a leading provider of business-to-business Internet trading applications, announced today its partnership with CheMatch.com, a real-time online trading exchange serving the global chemical industry. By leveraging the TradingDynamics Market Suite, CheMatch.com expands on its existing exchange system to offer a comprehensive portfolio of trading services for buyers and sellers of bulk commodity chemicals. With the TradingDynamics Market Suite, CheMatch.com will provide auctions and reverse auctions while enhancing and adding to its existing exchange system to increase liquidity on its current trading floor. "By providing sophisticated yet user friendly auctions CheMatch.com can provide an enhanced offering for our participants," said Carl McCutcheon, president and CEO, of CheMatch.com. "TradingDynamics increases the functionality and flexibility of our platform, which is important for the complex transactions conducted by buyers and sellers of bulk commodity chemicals." CheMatch.com allows members to buy and sell chemicals online, anonymously and in real-time. Using its bilateral negotiations model, CheMatch.com has an average trade value of $530,000 and aggregates users from more than 50 of the world's leading chemical companies. Incorporating auctions into the platform will allow CheMatch.com to build on its global presence and further tap opportunities within the $1.6 trillion global chemical market. "Our partnership with CheMatch underscores the powerful role that business-to-business auctions will play on the Internet," said Kirk Cruikshank, CEO of TradingDynamics. "Companies like CheMatch.com are bringing together some of the world's most heavily traded industries and, with the help of our configurable trading solutions, are creating just the right online markets that create win-win transactions for everyone involved." quote.bloomberg.com