Singapore Exchange Sees Expansion of OTC Derivatives Clearing
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Singapore Exchange Ltd. plans to become the "multi-asset-class clearing hub" for over-the-counter derivatives in Asia, according to co-President Muthukrishnan Ramaswami.
The operator of the city’s securities market began clearing standardized interest rate swaps in Singapore dollars four months ago. It expects to add interest rate swaps in U.S. dollars, British pounds, euros and yen, Ramaswami said in a March 15 interview at a Futures Industry Association conference in Boca Raton, Florida.