Cleartrade Exchange gains approval from CFTC as registered Foreign Board of Trade07 June 2016,
Singapore, 2nd June 2016.
Cleartrade Exchange (CLTX) has been officially approved as a registered Foreign Board of Trade (FBOT). The FBOT approval, which has been granted by the U.S. Commodity Futures Trading Commission (CFTC), allows CLTX to provide their participants located in the U.S. with direct access to its electronic order entry and trade matching system.
The FBOT approval also endorses CLTX as an established and organized exchange which is subject to continued scrutiny by the local regulator, Monetary Authority of Singapore (MAS), which is deemed to provide comprehensive supervision and regulation comparable to the supervision and regulation exercised by the CFTC.
“We are very pleased to receive official approval as an FBOT from the CFTC. This recognition provides certainty to our U.S customers, that they are able to do business in Asia. We look forward to welcoming more U.S. based participants to our marketplace, who are able to access the wide range of commodity futures contracts which we have on our platform,” says Egbert Laege, CEO of CLTX.
“This recognition not only provides U.S. participants with more choice, it also enhances the global reach and influence of EEX Group”, adds Peter Reitz, CEO of EEX Group.
Cleartrade Exchange (CLTX) is a regulated futures market for the global commodity derivatives marketplace, offering an electronic order book with a suite of over 40 different derivative contracts covering Energy, Freight, Metal and Agriculture. CLTX is a Recognised Market Operator (RMO) regulated by the Monetary Authority of Singapore (MAS), incorporated in Singapore with offices in London. CLTX is 100% owned by EEX and is part of Deutsche Börse Group.