Singapore approves Deutsche Börse clearing house 24 July 2015Singapore Reporter: Stephanie Palmer
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Deutsche Börse has been granted regulatory approval from the Monetary Authority of Singapore to operate its clearing house Eurex Clearing Asia.
The clearing house is part of a new trading and clearing offering for investors, which will offer trading opportunities in the Asian time-zone. The initiative also includes a new trading venue, Eurex Exchange Asia.
Deutsche Börse will now file an application for the clearing house to be recognised as a third-country central counterparty (CCP) by the European Securities and Markets Authority (ESMA)
If granted ESMA approval, Eurex Clearing Asia will make Asian clearing services available to market participants based in the European Union.
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