According to the latest news, Tradeteq, a leading technology provider for cash credit distribution, has introduced Tradeteq Access Lite, the very first marketplace for buy-side financial backers who want to participate in the secondary trading of trade finance assets.
With over 40 members of the Trade Finance Distribution Initiative (TFDi), the industry-led group that forms the standards for global trade finance distribution, including top asset managers, have proactively signed up to the platform. Currently, credit funds can also participate in the secondary market which enables them to capitalize on the increasing multi-trillion-dollar trade finance asset class. Earlier, Tradeteq’s deal with Microsoft to automate trade finance is also an example towards boosting the trade industry.
Trade finance is a low-risk asset class that relies on the tangible import-export of physical goods, making it less vulnerable to volatility. This asset class is estimated to reach $10 trillion by 2027 but the lack of a secondary market had the worst impact when it comes to providing access to a small number of investors because of the requirement of repackage portfolio risks.
Read more: https://www.emeriobanque.com/news/tradeteq-marketplace-for-secondary-trading-of-trade-finance
