|Key People||Mike Wisnefski, chief executive|
|Products||electronic exchange, commodities|
MaterialsXchange (MX) is an an electronic marketplace for buying and selling raw materials that went live in October 2019. 
The first listings on MaterialsXchange were wood products, specifically Oriented Strand Board, European Spruce lumber and Southern Yellow Pine lumber. The inaugural transaction on MX matched Binderholz Timber Inc. (a seller) with Hart Lumber a (buyer) for a first-ever deal between the two and consisted of a full truckload of 2x4 Euro Spruce from the Port of Houston.
Historically, MX founders say, the commodity materials markets have been impeded by a lack of price transparency and an inefficient “call around” structure.
Products and Services
The MX platform's two-sided price format, with continuous updates of transparent data, enables buyers and sellers to place bids and offers in real time.
- MaterialsXchange Launches with First Raw Materials Transaction. MaterialsXchange via Businesswire.