Deutsche Boerse Said to Consider Starting Clearinghouse in Asia
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Deutsche Boerse AG, owner of the Frankfurt stock exchange and the Eurex futures market, is considering opening a clearinghouse in Asia, according to two people familiar with the situation.
The exchange may seek to work with a partner or set up the clearing venue on its own and hasn’t yet decided how to proceed, said the people, who asked not to be identified as the plans are private. While the proposals are at an early stage, Singapore is a possible location for the clearinghouse if construction goes ahead, the people said. Frank Herkenhoff, a spokesman for Deutsche Boerse in Frankfurt, declined to comment.