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Deutsche Boerse gets green light for Singapore clearing house 

January 21, 2015

Thomas Atkins, Reuters 

German stock exchange operator Deutsche Boerse has received regulatory clearance in principle from the Monetary Authority of Singapore to set up a clearing house there.

The new clearing house, Eurex Clearing Asia, is one of the most important elements in the company's strategy to expand in Asia and is expected to begin operating in 2016, one year later than originally envisaged.

Regulators are keen to see clearing houses play a greater role in international financial markets, especially in derivatives trading, by standing between buyers and sellers and stepping in to fill the gap should a payment fail.

Read More: Reuters 

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