Split reaction to international firms' Asia clearing plans

Eurex's Singapore CCP finds favour with market, CME less so

Split in two

Clearing houses in Asia have been a hive of activity in recent weeks. Ice's acquisition of the Singapore Mercantile Exchange last November was rapidly followed by the announcement that Eurex – part of the Deutsche Börse group – is planning to set up a clearing house in Singapore. In between these two announcements news leaked of a proposed tie-up between the Australian Securities Exchange (ASX) and CME to set up a mutual offset arrangement between the two exchanges which woul