SGX looks to cut dependency on domestic volumes
It is tying up with Clearstream to start new collateral management service
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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 briefing yesterday.
The new unit still requires regulatory approval to be set up.
Copyright SPH Media. All rights reserved.
