Colombo Commodity Exchange
THE
PARADIGM
SHIFT
The genesis of the transformation of the trade and industry in Sri Lanka.
The emergence of the evolution of trade, industry and finance in Sri Lanka.
We have access to multiple financing sources, supply chains, platforms, and stakeholders. Our exchange to feature global standard Clearing House Electronic Sub Register System (CHESS), Central Counter Party Clearing System (CCPCS), Customer Portfolio Services (CPS), and Central Payment Settlements System (PSS). Our system relies on the Harmonized Commodity Description and Coding System (HCDCS) developed by the World Trade Organization (WTO).
The system also utilizes International Identification Codes (HS & SITC4-2006) and Multi-Jurisdictional Disclosure System (MJDS). Our objective is to achieve seamless integration with numerous stakeholders, including the London-based Baltic Exchange, the Baltic Dry Index (BDI), Forward Freight Agreements (FFA), and Freight Derivatives. These transactions enabled by screen-based trading are cleared through five (05) clearing houses for freight: NOS Clearing/NASDAQ OMX, LCH, Clearnet, ICE Futures Europe, SGX, Shanghai Shipping Freight Exchange. Our goal is to provide a vertically and horizontally integrated platform for managing freight rate risk.
Partnership firmly grounded in
Sri Lanka to focus onGreater Asia.
We offer a vertically integrated, fully automated, ultra-high-frequency commodity trading platform. Our cutting-edge system is based on next generation Quantum Blockchain Technology. Entire system stack from the ground-up with high-throughput hardware, software suite and operating system. Super cloud-based, next generation exchange is unparalleled in speed, faster than any existing exchange platform worldwide.
Our 12 stand-alone commodity exchanges operate on a Blockchain Technology platform. Institutional primary dealers and brokers manage all trades, with global auditing firms verifying all listings and bids. Global tracking agencies receive reports on all transactions, which are underwritten by financial institutions worldwide. Finally, a dedicated Clearing House Electronic Sub Register System is employed to settle all trades.