Chinese-Backed Singapore Bourse Gets Regulator's Nod

  • Venue would be third derivatives exchange in city state
  • Firm appoints KKR senior adviser, ex-CME executive to board

A man rides on an escalator inside the Singapore Stock Exchange building in Singapore, on Tuesday, June 28, 2016.

Photographer: Nicky Loh/Bloomberg
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Asia Pacific Exchange Pte, has received in-principle approval from the Monetary Authority of Singapore to start a third derivatives exchange in the city, according to people with knowledge of the matter.