eMetra
The Fund joined MG plc (MG plc, subsequently acquired by Enron and now known as Enron Metals) and Internet Capital Group, Inc. (ICG) to form eMetra Limited to develop an Internet marketplace for trading non-ferrous metals on a world-wide business-to-business (B2B) e-commerce platform, including physical trading and the trading of futures and options contracts. McKinsey & Company estimates the total market for non-ferrous metals trading at approximately $2.8 trillion and total market inefficiencies at $1.9 billion.

eMetra has developed an internet based platform for the physical trading of non-ferrous metals and is currently developing an internet platform for the derivatives trading of non-ferrous metals.

The physical platform is expected to become the principal meeting place for buyers and sellers of non-ferrous metals and related services as eMetra’s creates transaction and price transparency that will seek to remove inefficiencies of an estimated $600 million from the global physical trading of non-ferrous metals. In conjunction with the physical platform, eMetra has developed a documentation center to eliminate many of the back office functions related to physical trading of metals. The objective of the derivatives exchange is similarly to create a more efficient place to trade derivatives contracts than existing exchanges, which add approximately $1.3 billion of inefficiencies.

Contact Information:
Hanns Beese, CEO
No.1 Cornhill
London, England
EC3V 3ND
+44 020 7743 6236
[Fax]
www.emetra.com