Fastmarkets Partners with TMX Trayport to Enhance Lithium Market Infrastructure

Fastmarkets Partners with TMX Trayport for Lithium Market Support

In an important step for the evolving lithium sector, Fastmarkets has announced a collaboration with TMX Trayport, a renowned global provider of trading networks, platforms, and solutions. This partnership aims to bolster Fastmarkets Connect, a digital platform dedicated to advancing the physical lithium trading market. The synergy combines Fastmarkets' extensive experience in the lithium market with TMX Trayport's proven technology, promising enhanced transparency, connectivity, and access to liquidity.

Fastmarkets Connect has been designed specifically to facilitate price discovery and transaction initiation for lithium, marking a significant evolution in market infrastructure. Announced during the Global Lithium, Battery Critical Materials conference in Las Vegas earlier this year, this platform is set to streamline trading processes in an industry that has historically lagged behind in electronic trading mechanisms compared to more mature commodities markets.

TMX Trayport's technology is already well-established in various commodity markets, including energy, environmental markets, and bulk commodities. By tapping into this robust infrastructure, Fastmarkets aims to create a more efficient and reliable market for lithium, an essential element in battery production for electric vehicles and renewable energy technologies.

The partnership signifies a crucial phase in the electronic price determination development as part of Fastmarkets Connect. The platform is being crafted to promote bilateral trading, enhance market transparency, and standardize protocols across the entire lithium supply chain. This initiative will connect various stakeholders, including producers, consumers, and traders, ultimately supporting the continued growth of the lithium market infrastructure.

TMX Trayport will be responsible for delivering the platform's technology, while Fastmarkets will oversee the operation and governance of Fastmarkets Connect. An advisory group comprising various participants from the lithium value chain is providing insights to ensure the platform meets market requirements effectively.

Raju Daswani, CEO of Fastmarkets, commented, “We selected TMX Trayport for their proven ability to support complex commodity markets with reliable and scalable technology. Their expertise in market connectivity and digital execution, combined with Fastmarkets' lithium sector knowledge, provides a solid foundation for driving a more efficient and connected physical lithium market.”

Contributing to this collaboration, Matt Brief, President of TMX Trayport, expressed enthusiasm about integrating their established market technology into the lithium sector, stating, “We are excited about the opportunity to introduce our digital market solutions into a sector where electronic workflows and market networks are still in their early stages. We look forward to working with Fastmarkets to develop vital infrastructure for the rapidly evolving lithium market, helping it become more connected, transparent, and efficient.”

Fastmarkets' reference prices are crucial for physical lithium contracts and serve as settlement references for futures contracts traded on several exchanges, including the CME, London Metal Exchange, ICE, and SGX. By merging this pricing expertise with a digital environment for price discovery and transaction initiation, Fastmarkets Connect is set to transform how transactions are conducted in the lithium sector.

For more details, visit Fastmarkets for insights into the future of lithium trading and market dynamics.

About Fastmarkets

Founded in 1913, with roots tracing back to 1865 through various acquisitions, Fastmarkets is a leading price reporting agency (PRA) specializing in agriculture, forestry products, metals, carbon, and energy transition markets. With over 700 employees globally, Fastmarkets continues to deliver essential price benchmarks, analysis, forecasts, and perspectives that empower clients to navigate complex global markets.

About TMX Trayport

Located in London and part of TMX Group, TMX Trayport is a global software provider for commodity trading markets. Its electronic platforms facilitate seamless trading for operators, intermediaries, and exchanges, boasting a significant network that serves over 9,800 license holders. Their flagship product, Joule, integrates real-time pricing data across various commodities, crucially supporting transparency and connectivity across regional markets. In 2025, Trayport facilitated over 620 million transactions, emphasizing its vital role in the European, North American, and Asian energy markets.