Cleartrade Exchange extends Liquidity Provider Scheme into Iron Ore and Fuel Oil contracts

Singapore and London - 4 December 2012

Daily firm prices now available on Iron Ore and Fuel Oil contracts in addition to dry freight FFA TCs

Cleartrade Exchange (CLTX), the Singapore-regulated futures market, is pleased to announce new agreements with a number of its members to extend liquidity provision into several new asset classes. The agreements mean that CLTX now provides firm, two-way prices on several of its Iron Ore, Fuel Oil and Dry Freight contracts during the trading day.

“We’re delighted that we’ve been able to work with our members to add guaranteed, firm price coverage to more of our markets. The Dry Freight, Iron Ore and Fuel Oil contracts, whilst key in their own right, form the backbone of risk management activities on the input side of the steel supply chain,” said Bob Antell, Global Business Development Director at CLTX.

Cleartrade Exchange provides a regulated marketplace where members can trade a suite of 43 separate commodity and freight contracts, linking directly to three major clearing houses: LCH, SGX and NOS. CLTX’s members range from commodity traders, investment banks and brokers to end-users of commodities and freight.

CLTX’s Head of Products, Richard Heath, added: “The liquidity provided through this initiative benefits all members of the exchange. We’ve seen traders and brokers who use these products every day not only hitting and lifting prices but also initiating orders inside the spread. This adds to the market depth, enabling those organisations which are price takers to execute efficiently whilst having confidence that they are trading at a competitive level.”

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