The German exchange group sees growth potential in Asia
Singapore-based United Overseas Bank (UOB) has become Eurex
Clearing’s first Asian member in the latest
example of stronger links between Europe and Asia,
writes Joe Parsons.
By joining Eurex’s clearing house UOB,
Singapore’s third largest bank, will be able to
support clearing of Eurex’s benchmark derivatives
for its Asian and international trading members.
UOB Bullion and Futures, the bank’s derivatives
arm, has been a trading and non-clearing member of Eurex since
August 2008, and, in 2012, Eurex Clearing received permission
from Singapore’s domestic regulator, the Monetary
Authority of Singapore (MAS), to admit clearing members from
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