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CLTX Singapore launches exchange matching and trading platform

First Published 2nd June 2015

Cleartrade Exchange rolls out commodity futures platform on Deutsche Börse's trading architecture.

Richard Baker, CLTX

Richard Baker, CLTX

"The launch of CLTX TRADER and CLTX PORTAL are part of our overall strategy to bring innovative trading strategies to the commodities market."

Cleartrade Exchange (CLTX), the Singapore regulated futures Exchange for the commodity derivatives marketplace, has announced the launch of CLTX TRADER, CLTX's new exchange matching and trading platform. CLTX TRADER will go live on Deutsche Börse's trading architecture. Users of CLTX TRADER can deploy Deutsche Börse's M7 market technology, utilising the derivatives matching engine as well as its integrated front end platform for commodity markets.

Richard Baker, CEO, CLTX, said "At CLTX, we are constantly evolving to meet the demands of a changing market, the CLTX TRADER launch is part of a series of steps we are taking this year to enhance broking and trading opportunities whilst modernising the trading desktop experience and making all CLTX services integrated and seamless to access and use for all our members. We are delighted to report strong adoption since its launch last week with members placing and matching orders immediately. The launch of CLTX TRADER and CLTX PORTAL (April 2015) are part of our overall strategy to bring innovative trading strategies to the commodities market, with these new solutions, we accelerate our ability to serve our market as the only exchange offering hybrid voice and screen solutions giving access to over 45 swaps and futures contracts to multiple clearing houses."

CLTX TRADER and CLTX PORTAL are currently available to all CLTX members. Deutsche Börse will host and operate the M7 trading platform whilst CLTX will organise and maintain market operations for the exchange and partner marketplaces. Trading participants will be able to access the platform for market making, trading and broking through the CLTX CONNECT API, the CLTX TRADER front end and via partner ISVs that are being integrated during 2015.

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