Cleartrade Exchange Pte Ltd. (CLTX), the OTC electronic global marketplace for commodity derivatives, today announced the launch of the Cleartrade Market Data Service (CMDS). The service provides a unique combination of OTC swaps-related market data to be distributed by the major data vendors to banks, trading organisations, broker firms and analysts.  Based on feedback from major data vendors and financial application providers the CMDS feed is available in two industry-standard formats: XML and FIX 5.0.

 CLTX’s objective is to continually increase the value to distributor partners by making new data sources available on the feed and providing data vendors with a cost-effective and efficient means of accessing such data. Full flexibility is offered to distributors in terms of data combinations they require, including the option of subscribing to real-time or delayed data.

Bob Antell, Director of Business Development at CLTX, said: “CMDS enables us to offer market data which is not available elsewhere as a single source to subscribers. We will continue to enhance the service enabling an ever more compelling offering for the market.  We are looking forward to working with our data distributors on the dissemination of CMDS.”

The initial CMDS content comprises of the following data sources:

• CLTX core data - freight, ferrous metals, agricultural and energy – live prices from the CLTX regulated RMO market.
• Freight Investors Services (FIS) Broker data - freight, iron ore, containers, and fertilizers.
• World Container Index (WCI) data, indices and price curves for 11 routes: weekly indices and daily curve prices.
• China Steel Indices - hot rolled coil, rebar, wire rod & plates: daily indices and daily curves.

Antell adds: “The contents of the feed were influenced by feedback from our members and the market in general; it was clear the industry would greatly benefit from the addition of data from key market sources in addition to our proprietary exchange data. Once a distributor subscribes to the service, they will be able to access all four sources of data under a single license agreement. CMDS will enable those of our members – and traders in general – who use charting and other analytical applications, to use this unique combination of data to create trading strategies they utilise in other markets. We will continue to enrich the feed and will add a number of new sources, providing even greater value to subscribers.”

Full commercial details are available for distributors by contacting marketdata@thecleartrade.com or by request from the CMDS section of the Cleartrade Exchange website www.thecleartrade.com