Cleartrade Exchange has rolled out a new OTC swaps exchange for interdealer brokers, traders and clearing members, Mondovisione reports. The primary regulator of the exchange, the Monetary Authority of Singapore (MAS), approved Cleartrade Exchange to operate a futures market under the Recognised Market Operator regime.
The new offering will provide Cleartrade Exchange members with electronic order input, price and volume discovery, pre-and post-trade order management. It will also enable processing of trades with straight-through processing to nominated clearing houses.
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