Cleartrade Exchange Launches Reporting Service for OTC Derivatives

Derivatives contracts traded through CLTX can now be automatically reported to the DTCC in real-time, allowing members of the exchange to comply with CFTC trade reporting requirements.

"The timing of this connection is important as it allows members to submit trades in line with the CFTC deadlines," says Richard Heath, head of product at CLTX. "This is just the start of our partnership with the DTCC and its Global Trade Repository (GTR), and over the coming months we will continue to work with them and with our members to ensure that CLTX provides seamless trade submission, in-line with European and Asian regulations."

In addition to the electronic connection to the DTCC, CLTX also delivers its own trade hub, which provides a resource directly accessible by the exchange members and clients of its broker members, containing records of all historical trades processed through platforms provided by CLTX.

"The CLTX Trade Hub is an important tool for organizations which need to report historical positions, whether they have been trading directly with the exchange or through our broker members," says Heath. "These organizations are able to export a full record of their trades from the hub for easy onward submission."