CommodiNet hosts first completed online trade

KUALA LUMPUR, Malaysia (Oct. 9)—Online rubber and rubber product business-to-business marketplace CommodiNet announced its first completed online trade. The seamless, real-time transaction, between Vietnamese rubber firm Bigimexco and European rubber trader Nordmann Rassmann, was for a a shipment of SVR20. Terms of the deal were not disclosed. The exchange, CommodiNet said, illustrates the acceptance of its e-marketplace by the rubber industry and rising demand for its goods and services. Other transactions, which may be held on www.commodinet.com either publically or privately, currently are being negotiated among other site members, CommodiNet said.