PEPEX, the Petroleum Electronic Pricing Exchange, sought to take physical petroleum trading to the Web, making the process secure and fully-documented, in real-time.

Launched in June 2000, PEPEX reduced the length of tender transactions by 75%. All major oil companies have participated in PEPEX transactions, as well as global utilities, major airlines, and several National Oil Companies. PEPEX received the prestigious Industry Solution Award from Microsoft in December 2000.