Company Overview

Flett Exchange is an outgrowth of a successful commodities brokerage that is a market maker in natural gas on the New York Mercantile Exchange (NYMEX).

Flett Exchange founder Michael Flett has traded over 200 billion dollars of energy futures and other commodities in his ten year career.

Our Strategy

Flett Exchange provides buyers and sellers with the ability to negotiate for goods and services in an open and competitive environment based on market rules.

Our platform creates the electronic commodity exchange that:

• Makes our custom exchange software available to hundreds of thousands of market participants concurrently over the internet
• List contracts in commodities
• Creates a central market thus eliminating fragmentation and inefficiency
• Creates deep pools of liquidity in our contracts
• Utilizes some of the rules of traditional commodities exchanges (New York Mercantile Exchange and Chicago Mercantile Exchange)to protect buyers and sellers
• Establishes a neutral playing field to ensure a true open market
• Let customers self-tailor their deals to fit their needs
• Collects escrow from exchange users before the trade to better ensure deal completion (in some markets)
• Facilitate secure payment between traders (in some markets)

What We Do

• Flett Exchange LLC designs and maintains markets on a proprietary online trading system
• Establishes an array of markets with ready access by anyone with an internet connection
• Provides the benchmark prices for individual and business decisions through transparency to active market prices
• Unites buyers and sellers of everyday commodities, eliminating geographical and informational barriers
• Combines the business model utilized by traditional exchanges like the New York Mercantile Exchange coupled with the technology of online marketplaces such as eBay or Craig's List.
• Provides new and evolving technology which enables traders to communicate unlike ever before while creating local to national commodity markets available to all traders.