Singapore, London, 24 October 2011

Cleartrade Exchange Pte Ltd. (CLTX), the OTC electronic global marketplace for freight and commodity derivatives, today announced it has already exceeded its Q3 goal of signing 16 members, including major investment banks as well as global energy and commodity companies. Due to this success it is now raising its goal to reaching over 20 members before the year-end.

The global trading venue confirmed that its first nine months have generated huge momentum in establishing and operating an internationally regulated, multi-commodity electronic execution venue. Trading volumes on CLTX have reached over 250,000 lots processed through its platform and include contracts for Dry Freight Forward Agreements (FFAs), Iron Ore and Fertiliser swaps contracts, indicating a 66% increase in contracts traded in Q3 over Q2 in 2011.

During this quarter CLTX launched two new offerings. The Trade Repository – an on-demand trade recap and archive service for all participants and reporting service to regulatory bodies, and ‘ SEF-in-a-box’ – a software as a service (SaaS) trading platform fully integrated with the Cleartrade Exchange platform.

Richard Baker, CEO of Cleartrade Exchange, said, “We have received a great deal of interest and support from the market, which has been borne out by the growing members base and increasing trading volumes. However, we certainly do not underestimate how much work there is still left to do. The uptake of the CLTX platform has surpassed our expectations and it is clear we are addressing an industry need. Our first nine months have been very encouraging and we hope to continue in this way and meet our new goal of over 20 members by the end of the calendar year.”

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For more information visit: www.thecleartrade.com