About COMET

COMET is an electronic negotiation and execution platform for conducting bilateral OTC transactions. COMET is not an exchange or auction platform.  It is an unregulated Electronic Communications Network (“ECN”) offering secure, permission-based access.  COMET subscribers can publish, negotiate and finalize highly customized transactions more efficiently than the current outmoded protocols.

COMET is currently designed to facilitate the one-to-many Request-For-Price (“RFP”) process, which leads to a one-to-one or one-to-many confidential negotiating process. It respects time-honored bilateral methods including the value of existing relationships, customized transactions, control over the exposure of a transaction, and confidentiality. Final execution of transactions occurs pursuant to underlying master agreements between parties.

With COMET, you can:

• Electronically and confidentially express a unique need.
• Publish the need to any and all pre-screened counterparties who use the platform via a one-to-many request for price.
• Negotiate the terms of the transaction via multiple one-to-one negotiations until the submitter accepts or rejects a particular transaction.
• Execute or withdraw any proposed transaction.
• Receive an automated transaction confirmation.
• Generate a comprehensive transaction audit log to help meet a variety of compliance and regulatory standards.