Dealers resigned to CCP competition in Asia

Gaining interest

SGX Centre 2
Singapore Exchange

US legislators have ruled that much of the over-the-counter derivatives market must be cleared through central counterparties (CCPs), and Europe is in the final stages of following suit. Asia is different – regulators have not been so quick to formally mandate central clearing. Despite this, the region has become a hotbed of CCP activity, with a growing number of jurirdictions revealing their intention to launch their own, unique domestic CCPs – among them, Hong Kong, Japan, Singapore and South