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UOB first Asian bank to become Eurex Clearing member

Published Fri, May 16, 2014 · 10:00 PM

Singapore

UNITED Overseas Bank (UOB) is the first Asian bank to become a member of Eurex Clearing, the clearing house for the Deutsche Borse group.

This comes as the German exchange operator makes a big push into Asia, and two years after the Monetary Authority of Singapore gave approval for banks here to offer clearing services on the Eurex Exchange, Europe's largest derivatives exchange.

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Companies & Markets

Companies & Markets

UOB first Asian bank to become Eurex Clearing member

Companies & Markets

Porsche posts Q1 profit drop on ramp-up costs

IBM plots US$730 million expansion of Canadian semiconductor site

Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early

Yeo Guat Kwang, John Chen retiring from corporate boards

US: Wall St opens higher

Air China orders homegrown C919s in challenge to jet duopoly

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