LCH Clearnet to clear real-time freight platform

CLEARING platform LCH Clearnet is to clear all trades on freight and commodity derivatives on trading venue ClearTrade Exchange.

Singapore-based Cleartrade is the first regulated venue for over-the-counter cleared shipping and soft commodities derivatives. For the first time, screen trades will be fed automatically in real time from processing to clearing. The process will reduce risk and speed up the clearing process to allow higher volumes of trades.