Naples, Florida, 24 August 2009 

Biofuel professionals gain greater and enhanced access to market opportunities. 

Progressive Fuels Limited (PFL) - an independent interdealer broker specializing in the wholesale physical and financial over-the-counter biofuel markets – today announced significant enhancements to its Biofuels Electronic Trading Platform “Progressive Fuels Exchange” (PFX) electronic trading platform.  PFX provides traders, marketers, plant managers, and other biofuel market professionals with secure, direct, real-time online access to the North American biofuel markets.

“PFL has  listened to its customers who have suggested that we make changes to the PFX platform to better serve their needs.  Biodiesel producers, blenders and buyers will see an enhanced product specification page allowing the posting of COAs onto the live screen. This will replace the current process of sending and receiving faxes saving valuable time and allowing for quicker execution. We have also added a new “live tab” which allows every user, with a click of the mouse, to see all markets being worked in the physical, financial ethanol space as well as all RIN markets” said Curtis Chandler, President Progressive fuels limited.  Other features and upgrades to the platform include significant enhancements to the PFX price implication engine to greatly increase the range of spread opportunities available to traders as well as real time instant messenger feeds to ensure prices on the platform reach the widest audience possible.

“Our new PFX electronic trading platform will enable biofuels professionals to transact reliably and securely to maximize and manage growing market opportunities in real time, any time. Long term plans for the platform include allowing producers and other market participants to be able to post rack pricing and associated co-products directly on the platform.”

Based on proven technology offering the highest levels of security and encryption, PFX voice brokered assisted platform:

• Supports both trader and broker execution;

• Supports algorithmic program execution;

• Supports real-time clearing to multiple clearing houses;

• Supports biodiesel, ethanol, rins and option markets;

• Provides instant access to real-time markets and historical market data;

• Offers sophisticated tools for charting and trend analysis; and

* Compliments and increases liquidity of it’s existing voice-based markets.

The technology behind PFX is the LIQUID TRADING PLATFORM, developed by Elysian Systems.  LIQUID TRADING PLATFORM  is also the technology behind the IMEX (International Mercantile Exchange) and some of the world’s leading interdealer broker OTC trading platforms. LIQUID TRADING PLATFORM’s secure, sophisticated, flexible and highly scalable technology has been configured specifically to meet the needs of traders in the North American Biofuels markets. 

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