Split reaction to international firms' Asia clearing plans
Ice, CME and Eurex have all staked a claim on the Asian clearing markets via a range of methods including buyouts, tie-ups and new ventures – but it’s not clear if their moves will be successful
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 would allow clients to
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