Cleartrade Exchange is a fully integrated exchange venue with connectivity to participating clearing services for commodities. Cleartrade Exchange has built as part of its platform a real time credit matrix and straight through processing engine.

What’s the difference between the real-time STP and that of other trading software providers?

Once a trade is matched and has passed through the credit matrix of the respective GCMs, it is cleared.

Other systems simply generate a file for each trade which is uploaded to the clearing house, but has to wait for manual approval by each respective GCM. This can take a long time and means that a trade is pending clearing and not confirmed until manually approved.

Trades which flow via the Cleartrade Credit Matrix to participating clearing houses means matched = instant electronic novation and cleared!

This unique feature substantially cuts middle and back office work at IDBs and GCMs, enabling a much larger order flow than what is possible when processing trades manually.

Third party trading platforms can connect securely and privately to the Cleartrade Platform via an API connection.

If you operate in a market with existing liquidity in standardised contracts and would like to connect with real time STP please get in touch.