The Monetary Authority of Singapore (MAS), primary regulator of the Cleartrade Exchange, has granted in principle regulatory approval for Cleartrade Exchange to operate a futures market under the Recognised Market Operator regime.
Cleartrade Exchange said it will address the increasing need for a truly electronic global marketplace for OTC freight and commodity derivatives,with access internationally to its trade execution facilities via its proprietary platform to provide real-time processing.
Cleartrade Exchange is open to membership from interdealer brokers, principal and investment traders and general clearing members. Immediate benefits for members will include electronic order input, price and volume discovery, pre- and post-trade order management and processing of trades with straight-through processing (STP) to nominated clearing houses.
