Cleartrade Exchange, the freight and commodity futures platform fully acquired last year by a unit of Deutsche Borse, aims to expand into global markets with the purchase of US-based Nodal Exchange this month.
Nodal, bought by Cleartrade parent company European Energy Exchange (EEX), currently majors in the power and gas trades, and Cleartrade chief executive Egbert Laege told TradeWinds in an interview that the acquisition was "a clear step into a global offering of global commodities in all time zones”.
