Cleartrade Exchange (CLTX) expects the overall market size of its core products of iron ore, shipping and fuel oil to grow to $200m by 2020.
Chief executive Egbert Laege told Reuters CLTX aims to take a growing slice of that trading.
He added the total exchange revenue for freight and seaborne commodities in Asia-Pacific markets are likely to grow from $130m in 2015 to $200m in 2020.
“Our ambition is to achieve double-digit growth across these markets,” he said.
CLTX was founded in 2010 by John Banaskiewicz and was taken over last year by Germany’s European Energy Exchange EEX, a unit of Deutsche Boerse.
It is a rival to London-based Baltic Exchange, which was acquired by Singapore Exchange (SGX) last year.
CLTX is a small exchange when compared with the size of other competitors though.
It traded 315m tonnes of iron ore last year, an increase of 55% from 2015.
Laege added his exchange is also very interested in the LNG market.
