Fastmarkets partners with TMX Trayport on digital lithium trading platform

  • Fastmarkets partnered with TMX Trayport to develop Fastmarkets Connect for physical lithium trading.
  • Fastmarkets Connect combines digital price discovery with bilateral trade initiation and spot-market access.
  • Fastmarkets announced the offering in June at a Las Vegas industry conference.

Fastmarkets announced a collaboration with TMX Trayport to support Fastmarkets Connect, its digital platform for the physical lithium market. The initiative combines Fastmarkets' lithium-market expertise with TMX Trayport's established technology to improve transparency, connectivity and access to spot liquidity. The platform is the renamed version of the digital price-discovery and trade-initiation offering announced in June at the Global Lithium, Battery & Critical Materials conference in Las Vegas. TMX Trayport will provide the platform technology, while Fastmarkets will operate Fastmarkets Connect and oversee its governance, development and market-participant engagement. The platform is being developed with input from an advisory group representing participants across the lithium value chain. Fastmarkets says its IOSCO-compliant benchmark prices underpin physical lithium contracts and serve as settlement references for futures listed on CME, the London Metal Exchange, ICE and SGX.

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