German bourse eyes Asian markets via Spore's CLTX
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Singapore
SINGAPORE'S Cleartrade Exchange expects the overall market size of its core products of iron ore, shipping, and fuel oil to grow strongly to US$200 million by 2020, and it aims to take a growing slice of that trading, its chief executive told Reuters.
Cleartrade Exchange (CLTX) last year became fully owned by Germany's European Energy Exchange EEX, which is continental Europe's leading electricity and natural gas bourse and is trying to go global though acquisitions like CLTX in 2016 and the US Nodal exchange this year. EEX is a unit of Deutsche Boerse, Germany's biggest stock exchange.
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