Deutsche Börse clearing wins Singapore clearance

The Monetary Authority of Singapore (MAS) has given Deutsche Börse Group full regulatory approval to operate Eurex Clearing Asia. Deutsche Börse says the new clearing house is an integral part of its new trading and clearing offering for investors during Asian trading hours.

Deutsche Börse adds that it will now file an application for Eurex Clearing Asia to be recognised as a third-country central counterparty with the European Securities and Markets Authority (ESMA) in Europe. Once it has obtained ESMA approval, the Asian clearing services will also be accessible to market participants based in the European Union.

The management team looking after Eurex Clearing Asia is Roland Schwinn as chief executive officer and Christoph Kraus as chief operating officer.