Singapore’s Cleartrade Exchange (CLTX) and Beijing-based China Beijing Equity Exchange (CBEX) have signed a memorandum of understanding, which agrees to share information and develop joint projects. The shared initiatives are likely to centre on derivatives/futures within the commodity space.
CBEX is the parent company for a number of other exchanges, including the China Forestry Exchange, China Technology Exchange, China Gold Exchange and China Beijing Environment Exchange.
CLTX is a regulated futures market providing an electronic global marketplace for commodity derivatives. CLTX is a recognised market operator regulated by the Monetary Authority of Singapore. CLTX offers an electronic order book with a suite of over 40 different derivative contracts covering ferrous metal, agricultural, energy and freight markets. It also offers a block trade facility, trade processing and trade reporting services.