Deutsche Börse has announced it is to be the exclusive global licenser for Cleartrade Exchange’s market data products, and will disseminate real-time data for key commodity derivatives products.
Cleartrade Exchange (CLTX) is a Singaporean regulated futures market for the global commodity derivatives marketplace. It offers an electronic order book of more than 40 derivatives contracts.
Deutsche Börse will be distributer and licenser of the futures market, freight investor services, the world container index and China steel index.
“The commodity contracts traded on CLTX Exchange and resulting data are being subject to ever increasing regulatory requirements. As a global exchange CLTX is compliant with appropriate geographically based regulation, primarily in Asia, Europe and North America,” said Bob Antell, commercial director of CLTX.
“Due to these regulatory requirements, worldwide marketing demands on our data and the global distribution of our members, we decided that Deutsche Börse, with its established worldwide data distribution, is the ideal partner for us.”
This is the latest in a string of market data partnerships for Deutsche Börse. It signed a memorandum of understanding the Philippines Stock Exchange in August, establishing market data cooperation.
In April, Deutsche Börse partnered up with the Shanghai Stock Exchange (SSE), who took responsibility for real-time distribution, marketing and sales of Deutsche Börse market data products in China. Deutsche Börse has also been the exclusive licenser of Bombay Stock Exchange’s market data and information products since October.
Georg Gross, head of information in Deutsche Börse market data and services, said: “This new market data partnership provides CLTX with access to our extensive data distribution and licensing network comprising more than 480 market data vendors.”
He added that the partnership should make it easier for clients to use key derivatives data in Asian commodity markets.
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