BRIX
| BRIX | |
| Founded | 2011 |
|---|---|
| Key People | Marcelo Mello, President |
| Products | Electric power market |
BRIX (Brazilian Intercontinental Exchange) is a Brazilian marketplace for electric power launched by the Intercontinental Exchange (ICE) on Aug. 1, 2011. BRIX offers an electronic market for Brazilian power contracts, including a range of risk management tools for eligible power market participants. Bids, offers and trades are shown in real time on the BRIX screen for all participants.
History[edit]
BRIX launched on June 28 with 30 market participants, including Agroenergia Comercializadora, Bunge, CESP, Clealco, Compass, Coteminas, EletroNorte, Eucatex, Ibrame Laminacao, MPX, Quanta, Rexam, Seal Energy and White Martins. In the first two days of operation, power contracts representing 40.3 MWh were traded.
BRIX was established as a joint venture between ICE, Roberto Teixeira da Costa, economist, founder and first president of CVM, the Brazilian financial regulator; Eike Batista, CEO of EBX Holdings which invests across industrial sectors including energy, infrastructure and mining; Josue Gomes da Silva, president of Coteminas, the largest textile group in the Americas; and Marcelo Parodi, founder and president of Compass Energia.[1]
Products and Services[edit]
BRIX offers an extensive variety of power contracts negotiable for the current month as well as for future delivery. They offer monthly, quarter, biannual, and annual contracts that can be traded at both fixed price or variable price. [2]
Key People[edit]
Marcelo Mello, President [3]