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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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