Fastmarkets Partners with TMX Trayport to Enhance Lithium Market Infrastructure
On September 16, 2026, Fastmarkets announced a strategic collaboration with TMX Trayport, a globally recognized provider of trading networks and solutions. This partnership aims to bolster Fastmarkets Connect, its dedicated digital platform for the physical lithium market. By merging Fastmarkets' extensive expertise in lithium trading with TMX Trayport's proven technology, the two companies are setting the stage for a more reliable digital infrastructure that enhances transparency, connectivity, and access to spot liquidity in the lithium market.
Fastmarkets Connect, which was recently named during the Global Lithium, Battery Critical Materials conference in Las Vegas, represents a significant leap forward in electronic price determination and transaction facilitation for lithium. The technology developed by TMX Trayport is already well-established in other commodity markets, especially in sectors such as energy, environment, and bulk commodities. Therefore, Fastmarkets aims to implement a similar robust market infrastructure in the relatively nascent digital ecosystem surrounding the lithium market.
The collaboration is focused on improving electronic price mechanisms within a sector where such systems remain underdeveloped compared to several more mature commodities markets. Fastmarkets Connect is designed to streamline bilateral agreements, enhance market transparency, and standardize operations, thus connecting stakeholders across the lithium supply chain more effectively. As a result, this initiative is also expected to foster further development of the lithium market's infrastructure.
Under the terms of this agreement, TMX Trayport will provide the necessary platform technology, while Fastmarkets will manage the operations of Fastmarkets Connect. The ongoing development of this platform is being conducted with input from a sector advisory group composed of representatives from various segments of the lithium supply chain.
Raju Daswani, CEO of Fastmarkets, remarked, "We selected TMX Trayport for its proven ability to manage complex commodities markets with reliable and scalable technology. Their expertise in market connectivity and digital execution systems, combined with Fastmarkets' extensive lithium knowledge, provides a solid foundation for Fastmarkets Connect, promoting a more efficient and connected physical lithium market.".
Matt Brief, President of TMX Trayport, expressed excitement about this partnership, stating, "We are thrilled to introduce our proven technological solutions for digital markets within a sector that is still in the early stages of embracing electronic workflows and market networks. We look forward to working with Fastmarkets to design and implement the foundational infrastructures for the evolving lithium market, enhancing its connectivity, transparency, and efficiency.".
Fastmarkets' reference prices, which comply with IOSCO standards, are crucial for physical lithium contracts and serve as settlement benchmarks for futures contracts listed on the CME, London Metal Exchange, ICE, and SGX. The new platform will facilitate the consultation of prices and the execution of transactions, developed in collaboration with a specialized advisory group from the industry.
Fastmarkets is a leading player in market analysis and information for agricultural markets, forestry products, metals, carbon emissions, and energy transition. Its benchmarking prices, analyses, forecasts, and insights are essential tools for clients looking to trade, manage risk, and navigate complex global markets. Founded in 1913, Fastmarkets has a rich heritage dating back to 1865 through various brands it has acquired. The company employs over 700 individuals globally and operates offices in Europe, North America, and Asia.
TMX Trayport is a global software developer for trading in the commodity markets. Based in London and part of TMX Group, the company provides electronic platforms used by traders, brokers, and exchanges to facilitate the buying and selling of commodities. Its flagship product, Joule, consolidates real-time price data for electricity, natural gas, and emission quotas on a single screen.
In 2025, Trayport facilitated over 620 million transactions across Europe, averaging nearly 20 transactions per second. Supported by over 65 third-party providers, Trayport delivers the technical infrastructure that ensures transparency and connectivity within European, North American, and Asian energy markets.
Fastmarkets Connect, which was recently named during the Global Lithium, Battery Critical Materials conference in Las Vegas, represents a significant leap forward in electronic price determination and transaction facilitation for lithium. The technology developed by TMX Trayport is already well-established in other commodity markets, especially in sectors such as energy, environment, and bulk commodities. Therefore, Fastmarkets aims to implement a similar robust market infrastructure in the relatively nascent digital ecosystem surrounding the lithium market.
The collaboration is focused on improving electronic price mechanisms within a sector where such systems remain underdeveloped compared to several more mature commodities markets. Fastmarkets Connect is designed to streamline bilateral agreements, enhance market transparency, and standardize operations, thus connecting stakeholders across the lithium supply chain more effectively. As a result, this initiative is also expected to foster further development of the lithium market's infrastructure.
Under the terms of this agreement, TMX Trayport will provide the necessary platform technology, while Fastmarkets will manage the operations of Fastmarkets Connect. The ongoing development of this platform is being conducted with input from a sector advisory group composed of representatives from various segments of the lithium supply chain.
Raju Daswani, CEO of Fastmarkets, remarked, "We selected TMX Trayport for its proven ability to manage complex commodities markets with reliable and scalable technology. Their expertise in market connectivity and digital execution systems, combined with Fastmarkets' extensive lithium knowledge, provides a solid foundation for Fastmarkets Connect, promoting a more efficient and connected physical lithium market.".
Matt Brief, President of TMX Trayport, expressed excitement about this partnership, stating, "We are thrilled to introduce our proven technological solutions for digital markets within a sector that is still in the early stages of embracing electronic workflows and market networks. We look forward to working with Fastmarkets to design and implement the foundational infrastructures for the evolving lithium market, enhancing its connectivity, transparency, and efficiency.".
Fastmarkets' reference prices, which comply with IOSCO standards, are crucial for physical lithium contracts and serve as settlement benchmarks for futures contracts listed on the CME, London Metal Exchange, ICE, and SGX. The new platform will facilitate the consultation of prices and the execution of transactions, developed in collaboration with a specialized advisory group from the industry.
About Fastmarkets
Fastmarkets is a leading player in market analysis and information for agricultural markets, forestry products, metals, carbon emissions, and energy transition. Its benchmarking prices, analyses, forecasts, and insights are essential tools for clients looking to trade, manage risk, and navigate complex global markets. Founded in 1913, Fastmarkets has a rich heritage dating back to 1865 through various brands it has acquired. The company employs over 700 individuals globally and operates offices in Europe, North America, and Asia.
About TMX Trayport
TMX Trayport is a global software developer for trading in the commodity markets. Based in London and part of TMX Group, the company provides electronic platforms used by traders, brokers, and exchanges to facilitate the buying and selling of commodities. Its flagship product, Joule, consolidates real-time price data for electricity, natural gas, and emission quotas on a single screen.
In 2025, Trayport facilitated over 620 million transactions across Europe, averaging nearly 20 transactions per second. Supported by over 65 third-party providers, Trayport delivers the technical infrastructure that ensures transparency and connectivity within European, North American, and Asian energy markets.
Topics Business Technology）
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