Chicago exchange received approval from Hong Kong's authority last year
CME Group has been granted the status of
Recognised Clearing House (RCH) by the Monetary Authority of
Singapore from May 18 2016, marking a key step in the exchange
group's Asian strategy.
"This is an important milestone in our
growth strategy in Asia Pacific," said Christopher Fix,
managing director, and head of Asia Pacific, CME Group.
"Singapore is a key international financial centre, and we are
excited to be able to play a crucial role working in close
partnership with market participants and further support our
member firms in meeting their clearing obligations."
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