EEX seeks Asia commodity derivatives boost

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EEX has bright hopes for Asia

The recent takeover of Singapore-based Cleartrade Exchange by the Leipzig-based European Energy Exchange (EEX) reflects an increasing enthusiasm for Asian commodity trading among firms that had previously been more focused on European energy markets.

On January 13, the two exchanges announced EEX had acquired a 52% holding in Cleartrade in a transaction that closed in December 2013. An expanded geographical scope and access to markets such as freight were big draws for EEX, according to Peter Re

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