Cleartrade Exchange
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| Cleartrade Exchange | |
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| Founded | 2010 |
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| Headquarters | Based In Singapore |
| Key People | Richard Baker |
| Employees | 11-50 |
| Products | futures, OTC cleared derivatives |
| 1850215 | |
| Corporate Website | www.thecleartrade.com |
| Releases | Company News |
Cleartrade Exchange is a Singapore-based regulated futures market providing an electronic marketplace for commodity futures and OTC cleared derivatives..[1]
In May of 2013, INTL FCStone Inc. announced they had agreed with "Cleartrade Exchange (CLTX) to acquire immediate voting control and the right to acquire up to 90% of equity interest over a five-year period. Completion of this transaction is subject to final stages of due diligence and fulfillment of certain conditions."[2][3]
Contents |
History
In August of 2012, Cleartrade Exchange signed a memorandum of understanding with Singapore-based Tradex Systems to begin work on the integration of a Chinese-language graphical user interface (GUI) for the CLTX marketplace.[4]
In July of 2012, Cleartrade Exchange launched two new steel derivative contracts as it looked to tap growing demand among foreign companies and investors to get access to the Chinese metals market.[5]
The Cleartrade Exchange Pte Ltd was established in Singapore and operates as a recognized market operator (RMO) for global participants in the OTC commodities market
Products and Services
Cleartrade Exchange is configured to handle execution, straight-through-processing and order confirmation for OTC Commodity derivatives.
In February 2013 the exchange unveiled the Cleartrade Exchange Data Centre (CDC), a web-based service that delivers data transparency on iron ore and freight derivatives markets. The CDC aggregates freight and iron ore swaps and options data from the major clearing houses – SGX Asiaclear, NOS ASA, and LCH.Clearnet – into a single location, enabling users to see daily traded volumes by product as well as high and low prices and open interest on a daily basis.[6]
Key People
- Richard Baker, CEO
- Mark Langley, Asia Business Development Director
References
- ↑ The Cleartrade Exchange. Cleartrade.
- ↑ INTL FCStone to take control of Cleartrade Exchange. Financial Times.
- ↑ INTL FCStone to take control of Cleartrade Exchange. Finextra.
- ↑ Cleartrade Exchange and Tradex to launch Chinese-language platform. Automated Trader.
- ↑ Cleartrade Exchange rolls out China steel swaps. eFinancial News.
- ↑ Cleartrade Exchange launches data tool for freight and iron ore derivatives. press release.
