Global exchanges in fight for Asia clearing market share
CME has no clear Australia strategy and Eurex is still waiting for a licence. Meanwhile, Ice and LCH.Clearnet are running ahead in the battle for the Asia clearing market
While many global banks have scaled down their Asia businesses in the past three years, their exchange and clearing peers have moved in the other direction. The latest stage in this process came with the November 3 announcement by Ice that its Singapore clearing house and futures exchange would start operating on March 17 next year.
A few weeks earlier the Australian government granted US firm CME
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