CLTX Singapore rolls out commodity futures platform
Singapore futures market Cleartrade Exchange has launched a new matching and trading platform, CLTX Trader, which will go live on Deutsche Börse’s global trading architecture. The exchange says the new technology will help support more advanced trading strategies for commodity derivatives.
CLTX was created in 2010 as a market for commodity futures and cleared OTC derivatives. Since December 2013, it has been majority-owned by Deutsche Börse Group. On the new platform, users of CLX Trader will be able to draw on Deutsche Börse’s M7 market technology, including the derivatives matching engine and its front end platform for commodity markets.
“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,” said Richard Baker, chief executive at CLTX. “The launch of CLTX Trader and CLTX Portal in 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.