Rival ICE Wednesday announced launch date for ICE Futures Singapore
Deutsche Boerse has delayed the launch of
Eurex Asia by around 18 months to 2017 to allow the firm to
concentrate on meeting its recently-announced growth plans
under its new chief executive.
Eurex is now eyeing a Q2 2017 launch for
the new derivatives exchange in Singapore.
According to a source familiar with the
matter, the decision to delay the launch has been taken to
allow the exchange to focus on other, "more-pressing
development work," such as its clearing business, adding that
the delay comes after and is linked to new budget structures
for the organisation’s new structure under chief
exec Carsten Kengeter.
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