SGX looks to cut dependency on domestic volumes

It is tying up with Clearstream to start new collateral management service

SINGAPORE Exchange (SGX) is looking to reduce its dependency on trading volumes by partnering with Clearstream to begin a new collateral management service in 12 to 18 months.

Following a letter of intent signing in September 2013, SGX and securities depository Clearstream are now working to create a new business unit in Singapore to help institutions and members better allocate resources between the clearing house and their balance sheet, SGX head of post-trade services Nico Torchetti said at a press...

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