EEX Group launches EEX Asia
On the 1st November, EEX Group announced that it has redefined its business in Asia through a reorganisation of the services offered by its wholly owned subsidiary CLTX. Going forward, the business will operate under two separate brands: EEX Asia and Cleartech. The strategic repositioning will allow the business to better serve the needs of its clients by using both sets of services through greater focus and specialisation on each business area.
EEX Asia will now act as the Asian Exchange of EEX Group, offering futures contracts on freight and seaborne commodities such as fuel oil and iron ore. All contracts will be cleared through European Commodity Clearing (ECC) which was awarded Recognised Clearing House (RCH) status by the Monetary Authority of Singapore (MAS) earlier this year.
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