CoreMarkets Forms Strategic Partnership with Fortis Bank -- formerly MeesPierson --.Business Editors NEW YORK--(BUSINESS WIRE)--July 10, 2000 New Relationship Aims to Provide Banking and Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. to Users of CoreMarkets' Digital Ferro Alloy alloy (ăl`oi, əloi`) [O. Fr.,=combine], substance with metallic properties that consists of a metal fused with one or more metals or nonmetals. Exchange CoreMarkets, the only online digital marketplace and exchange exclusively dedicated to the ferro alloy and bulk ore markets, announced today that it has forged a strategic partnership with Fortis Bank (formerly known as MeesPierson). Under the relationship, Fortis Bank intends to provide CoreMarkets and the users of its digital marketplace (www.coremarkets.com) with key banking and financial services to support and enhance trades and transactions made through the online exchange. In time, the partnership should allow users of CoreMarkets to access all financial services from Fortis Bank directly within CoreMarkets' online trading Online Trading Making trades via the Internet. Notes: The use of online trading increased dramatically in the mid to late 1990's with the advent of high-speed computers and Internet connections. Stocks, bonds, options, futures, and currencies can all be traded online. environment, thereby streamlining the trading process for both buyers and sellers of these materials, which comprise a $50 billion worldwide market. "Our mission is to use the power of online commerce to deliver a new level of efficiency to the industry," says Howard Feldman, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of CoreMarkets. "Part of that commitment is to build strong relationships with key industry participants who can support our users through highly specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. services that meet the industry's unique needs. Fortis Bank's understanding of and role within the global trading market provides CoreMarkets and its online marketplace of buyers and sellers an invaluable partner." CoreMarkets (www.coremarkets.com) is an online commodities exchange, specializing in ores and ferro alloys This is a list of alloys for which an article exists in Wikipedia (or is proposed but not yet written). They are grouped by base metal, in order of increasing atomic number. Within these headings they are in no particular order. , that provides an innovative, secure and efficient way to manage worldwide buying and selling of industrial metals. It brings together producers, consumers, traders, and ancillary service providers for a comprehensive e-commerce solution for the metals industry. "CoreMarkets has seen a window of opportunity to claim the lead position in the online ferro alloy and ores industry," says Walter Vollebregt, deputy director of Trade & Commodity Finance, Metals & Steel. "We believe it represents an important new voice in commodities trading. CoreMarkets' unique understanding of the ferro alloy and ores markets positions it to deliver potential tremendous efficiencies for buyers and sellers to improve their operations regardless of where they are located throughout the world." About Fortis Bank Fortis Bank is part of the The Fortis Group, a Dutch/Belgian financial conglomerate conglomerate, in business conglomerate, corporation whose asset growth, often very rapid, comes largely through the acquisition of, or merger with, other firms whose products are largely unrelated to each other or to that of the parent company. active in banking, insurance and investments that has successfully combined five banks into a single cross-border enterprise and has a global workforce of 62,000 people, a presence in 65 countries and 3,000 branches. Fortis ranks among Europe's top 15 financial institutions with total assets amounting to EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 406 billion. About CoreMarkets CoreMarkets is the world's first online digital marketplace dedicated to the international trading of ferro alloys and bulk ores. Unlike simple business-to-business industry Web sites, CoreMarkets delivers a neutral, non-aligned trading environment, one designed to extend the reach of all participants by providing frictionless access to trading information. In addition to buying and selling, CoreMarkets (www.coremarkets.com) offers a complete complement of ancillary services, including financing, risk management, insurance, freight forwarding and warehousing. The company, with offices in China, Russia, Israel and South Africa South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S Africa. , is headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , and supports strategic partnerships with many of the industries leading participants. For more information about CoreMarkets, contact Garrett Allen or Greg Matusky at 610/642-8253. |
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