Cleartrade Exchange uses OpenText Wave platform to deliver secure, real-time market information to traders’ mobile devices
Cleartrade Exchange Pte Ltd. (CLTX), the global electronic marketplace for OTC commodity derivatives, has today announced the launch of its mobile app, developed in conjunction with OpenText Corporation, the leading enterprise content management provider.
The new app can be downloaded free from the standard apps stores, and allows users to monitor a wide range of commodity and derivatives contracts, including intra-day and closing bids and offers, as well as transacted prices of the contracts they are following from their mobile device or tablet. Data for more than 40 contracts is available with the option to create personalised profiles based on individual requirements.
This is a world first in the OTC derivatives market and places CLTX significantly ahead in the OTC commodity and derivative markets. Links to all models of smart phones can be downloaded for free and give full access to trading data.
This new trading tool was developed by CLTX in partnership with OpenText. By using OpenText’s advanced Mobile Wave Platform technology CLTX is able to publish secure data feeds from its own exchange directly onto Apple iPhone® and iPad®, RIM BlackBerry® and Android® to more than 900 combinations of device and operating system. The free download version will give CLTX members access to all trading data in real-time, while non-CLTX members will see 30 minute delayed data.
“In today’s globalised economy, the city never sleeps,” said Richard Baker, CEO of Cleartrade Exchange. “Intermediary brokers will phone or message traders at any hour of the day or night to demand the latest information on prices and movements. We wanted to make market-critical data easily available to traders at all times, irrespective of whether they are near their computer terminal or, if not, through a secure mobile app.” He continued, “OpenText brings in-built security, the ability to add new functions and financial instruments easily and removes the headache of adapting the app for different devices and operating systems. They have helped us to build a reliable tool which will bring real benefits to the market.”
Steve Tan, business development director, mobility at OpenText, said: “Business is inexorably moving beyond desktop computers and onto mobiles, yet people still think of ‘apps’ as consumer or entertainment software. There is no reason why more forward-looking businesses should not embrace the portability and functionality of apps and use them to make their employees more productive on the move. What’s vital is that businesses ensure they deliver the same great design and intuitive user-experience that people are used to from their consumer apps – otherwise they won’t use them.”