Treasure Island Initiative P+x Trading Model

Absrtact: Chinese commodity e-commerce leader Treasure Island announced the launch of the Commodity Exchange on 28th. Zhang Leqin, vice chairman of Ningxia Hui Autonomous Region, deputy chairman of Zhongwei Party committee, Matine,

Chinese commodity e-commerce leader Treasure Island announced the launch of the Commodity Exchange on 28th.

The vice chairman of Ningxia Hui Autonomous Region, Matine, deputy chairman of Ningxia Hui Autonomous Region, Zhang Leqin, Zhongwei party committee and deputy mayor of the government Wan Wan attended the opening ceremony.

Treasure Island Commodity Exchange (that is, the net Exchange) is the gold and Silver Islands (Beijing) Network Technology Co., Ltd., by the Government of Ningxia Autonomous Region in accordance with relevant national policies and regulations and Ningxia Autonomous Region as the inland Open Highland has the unique policy advantages of "first try" approved the establishment, To carry out the pilot work on spot continuous trading of commodities.

The net exchange of Treasure Island is an innovative exploration in the field of electronic commerce of bulk products. Relying on Treasure Island to pioneer P+x Trading model, all over the country's entity delivery database and network financing system, through the online and offline key nodes, leading the bulk of products O2O transactions, the realization of continuous cash, anytime, anywhere delivery, goods through the world's goals.

It is learned that the P+X trading model through the online continuous trading system and offline physical delivery of the key nodes, for 020 of the bulk product transactions have a leading role. In this mode, the online continuous transaction price is in accordance with the market decision principle, the settlement price of any point in time is generated by the trading system, and the system automatically sets the transaction; The user may at any moment select the line of physical delivery, the seller in accordance with the actual indicators of the goods (grade, grade, delivery, etc.) set up the price of the water prices X, the buyer if the Then the p+x delivery price, the system automatically closed the position. Trading varieties will cover coal, ore, steel, non-ferrous metals, chemical, petroleum, rubber, agricultural and other industries.

The P+x transaction mode realizes the smooth docking between the line continuous transaction and the offline physical delivery, which ensures the convenient delivery of the goods, helps the customers to improve the efficiency and save the cost.

Wang Yuhong, chairman of Treasure Island, said: "P+x continuous spot full use of the Internet open, efficient and unlimited space characteristics, combined with the line of commodity logistics nodes, the line of the island chain into a network, the line of the transaction fell, forming a line under the integrated trading platform, and the realization of the continuous delivery of cash, Finally reach the purpose of the world. ”

Treasure Island trading platform not only to support continuous spot trading, at the same time, also compatible with the stock listing, bidding and other trading modes, the entire transaction service process is perfect, can fully reflect the exchange's large platform features, complete in accordance with the transaction process, to achieve "information → funds → transactions → settlement → payment" of the entire process of service and management.

The software system of the whole trading platform is divided into three systems: Integrated management system, continuous spot trading system, spot trading system, bidding transaction system, quotation trading system, bank supervision system, electronic warehouse single system, unified transaction Client system and system external interface.