Fastmarkets partners with TMX Trayport to build lithium market infrastructure
Fastmarkets has partnered with TMX Trayport, a global trading network provider, to develop the digital infrastructure for its Fastmarkets Connect platform focused on the physical lithium market. This collaboration aims to bring transparency and liquidity to the less-developed electronic pricing mechanisms in the lithium sector by leveraging TMX Trayport's established technology used across energy and commodity markets. Fastmarkets Connect is designed to facilitate bilateral agreements, improve market normalization, and connect stakeholders throughout the lithium supply chain. The platform will be operated by Fastmarkets while benefiting from a sector advisory group composed of industry participants. Raju Daswani, CEO of Fastmarkets, emphasized TMX Trayport's reliability in supporting complex commodity markets. The partnership is expected to enhance digital execution systems for an evolving market and complement Fastmarkets' existing reference pricing services used across major exchanges like CME and LME.
