German bourse seeks to tap Asia's commodities through Singapore's CLTX

Its European Energy Exchange acquired CLTX last year.

Reuters reported that Singapore's Cleartrade Exchange expects the overall market size of its core products of iron ore, shipping, and fuel oil to grow strongly to $200 million by 2020, and it aims to take a growing slice of that trading.

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 through acquisitions like CLTX in 2016 and the U.S. Nodal exchange this year.

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