Green Tiger Markets Pte. ltd. arranges first transaction of GTM’s physically settled bilateral rhodium contract

SINGAPORE–(BUSINESS WIRE)–Green Tiger Markets Pte. ltd. (GTM) is delighted to announce the first physical rhodium exchange on its cloud-based trading platform. The exchange was for a 99.9% pure spot rhodium sponge deliverable to the Johnson Matthey Royston vault.

At Green Tiger Markets, we believe in transparent markets that effectively send price signals to market participants. We believe it is easier for buyers and sellers in underserved commodity markets to find each other to hedge price risk. We worked closely with market players to launch the Rhodium contract: putting the needs of our customers at the forefront in product development. We anticipate that the Rhodium contract will bring liquidity and transparency to this historically underserved and opaque market,“said John Knorring, CEO of Green Tiger Markets Pte. Ltd.

The trade mitigates the Rhodium physical commodity price risk for both buyer and seller. The spot trade will exchange US dollars for a rhodium sponge in Johnson Matthey Royston’s vault with delivery in two days.

Rhodium’s spot contract was recently listed by GTM. The GTM Marketplace also offers market participants the ability to trade Rhodium futures and location swaps, which will further allow market participants to manage price risk.

For more information on Green Tiger Markets and new products under development, please contact: [email protected]

About Green Tiger Markets Pte. ltd.

Green Tiger Markets (GTM) develops and operates derivatives markets that facilitate the forward hedging of prices on a financial or physical basis. Market participants buy or sell spot and forward contracts with other participants who have opposing price risk management needs.

GTM’s mission is to support the growth and development of underserved markets through price transparency and discovery. In support of this mission, Green Tiger Markets has developed a proprietary cloud-based trading platform with a central limit order book and price dissemination technology. The platform is supported by voice brokerage services.

GTM is working with market participants in a variety of industries to develop standard terms of trade that will allow ‘comparable’ trading and liquidity to be built in the spot and futures markets. The GTM platform is designed so that new products are launched quickly and the market is configured according to the needs of market players.