Mark Langley to head Cleartrade Exchange (CLTX) market development in Asia

Singapore and London - 5 February 2013

Appointment of new Asia Business Development Director signals rapid expansion for Cleartrade Exchange in the region

Cleartrade Exchange (CLTX), the Singapore Regulated Futures Exchange is delighted to announce the appointment of Mark Langley as its new Asia Business Development Director. Mark Langley was previously with UBS and has extensive experience in the freight and commodities markets, which form the mainstay of CLTX’s business.

“We are very pleased to be able to make this appointment,” said Richard Baker, CEO of Cleartrade Exchange. He adds: “Asian markets are key to the continued development of our exchange. Singapore is the centre of the iron ore derivatives market and the region is an important hub for freight, fuel oil and other commodity sectors, all of which are core products traded on CLTX. The expansion of our team in Singapore signals our continued commitment to and intentions for growth in the region.”

Langley says: “The financial landscape is changing globally with the tightening of trading regulations and Cleartrade Exchange is in an excellent position to help the market deal with these changes. CLTX’s execution platform helps the commodities markets to develop through its multi-commodity, multi-clearing ’central screen’ operated as an open market futures exchange. I am looking forward to working with the CLTX team on the next stage in the development of the exchange and assisting with the continued expansion of the Asian market.”

Langley will be responsible for developing the iron ore, freight, fuel oil and other CLTX markets within the APAC region.

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