Published On: Wed, Apr 18th, 2012

SGX Enhances OTC Clearing of Commodities

Singapore Exchange (SGX) said April 18 SGX AsiaClear has enhanced access to its clearing process with the linking of OTC broking systems to its OTC Trade Registration System.

The OTC broking community will benefit from the link which allows trades matched in an inter-dealer broker’s OTC broking system to flow straight through to SGX’s Trade Registration System. Customers will gain from an improvement in operational efficiency and a reduction in errors.

Third-party providers of OTC broking systems which have established straight-through connectivity to SGX include Mercari, Tradex and Trayport. Other system-providers in the process of establishing connectivity in the coming weeks include Baltex and Cleartrade.

SGX AsiaClear offers global market participants a one-stop clearing service for a suite of 45 OTC commodity contracts covering agricultural, bulk commodity, energy and freight products.

“This straight-through clearing link will further widen SGX’s distribution network and offer traders and brokers more choices in the way they connect to our clearing service,” said Mrs Julie Heng, Head of Commodities at SGX.

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