Deutsche Börse Continues Asia Push With CLTX Grab
"CLTX has succeeded in becoming an important execution exchange for commodity derivatives in a remarkably short space of time," says Peter Reitz, CEO of EEX. "Its core asset classes are a good fit with our existing markets. Combined with the impressive technical, regulatory and operational footprint of the business, this made the exchange an excellent investment partner."
Reitz notes that the move is part of a larger push into Asia by Deutsche Börse.
CLTX CEO Richard Baker has been looking to diversify from over-the-counter (OTC) freight and commodity markets to exchange-traded futures and energy.
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