Published On: Fri, Feb 13th, 2015

Cleartrade Exchange selects Deutsche Börse M7 for commodities market

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Richard Baker, CEO, CLTX

Richard Baker, CEO, CLTX

Cleartrade Exchange (CLTX), the Singapore regulated futures exchange for commodity derivatives and Deutsche Börse, one of the world’s leading data and technology service providers, today announced a collaboration which gives all CLTX customers access to Deutsche Börse Group’s global trading architecture, M7.

In this move which sees further synergies between the two companies, CLTX offers its market participants state of the art technology, improved broker and trader connectivity options and functions, extended market functionalities and outstanding efficiencies. As part of Deutsche Börse’s “7 Market Technology” global IT architecture, M7 is the leading trading platform for energy and commodity markets.

Richard Baker, CEO, CLTX, commenting on this exciting new development, said, “Moving CLTX to M7 is a part of our strategy to bring advanced trading strategies, increased liquidity, improved ease of access and robust high availability technology for the global commodities market.

Market participants have demanded trading styles that are common to the listed and equities markets for sometime now and we are delighted to be addressing those needs with the Deutsche Börse M7 solution. Whilst we focus on enabling new trading opportunities, we do this mindful that we must also satisfy, the increased demands from regulators and market participants on availability, regulatory compliance and trade assurance and the combination of M7 and the CLTX CCP Highway infrastructure offers a truly unique “Best Execution” and “Trade Assurance” marketplace”.

Willy Suter, Head of Market Solutions, Deutsche Börse Market Data + Services, said “M7 is our leading global IT offering designed for the needs of market participants. We believe this best-in-class technology, and our expertise in operating exchanges for various asset classes, will strengthen Cleartrade’ s efforts in building a liquidity network in the commodity markets,”

Under this cooperation, Deutsche Börse will host and operate the M7 platform whilst Cleartrade Exchange will organise and maintain market operations for the exchange and partner marketplaces, offering straight-through-processing (STP) to multiple clearing houses, trade reconciliation and reporting services.

Trading participants will be able to access the platform via the M7 frontend ComTrader and also via partner ISVs from the end of April 2015.

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