Real Estate Index's Stock Begins Trading

INREEX, formally the International Real Estate Exchange, announced that its stock has begun trading as a Pink Sheet issue under the symbol IRXI.INNREEX, based in London, describes itself as a real estate prediction exchange to meet the needs of global real estate investors. "Our goal as a company is to efficiently create an online real estate speculation exchange," said Paul Rozenberg, CEO of the company. He said the system is designed to be as close as possible to stock market trading. The electronic exchange trades contracts of all 50 U.S. states as well as a USA contract reminiscent of a stock index. The contracts are based on official home price index data published by the Office of Federal Housing Enterprise Oversight. The company's trading technology allows investors to log in from anywhere in the world and buy, sell or short housing markets in the U.S.