OM terminates its side of joint Pulpex venture

Pulpex is seeking alternative hosting arrangements after the OM London Exchange said it would terminate its contract by the end of the year.

Pulpex, the joint venture between OM London Exchange and CellMark, now plans to hold a meeting in London on 10 September to discuss its future.

The online trading portal was launched in 1997 as an exchange for woodpulp, and established itself as a leading benchmark for pulp prices.

A spokeswoman for OM London Exchange said the decision was unconnected to the OMs recent streamlining of operations.

She added that the Pulpex operation had faced questions concerning its profitability.