Singapore-based traders can now trade directly on the world's largest derivatives exchange Eurex.
Eurex was granted recognized market operator status by the Monetary Authority of Singapore on October 10, 2005 with effect from October 11, 2005. All Eurex products are eligible for trading in Singapore under the recognized status.
"Asian markets as a target region are of strategic importance to Eurex, and we are pleased to be able to further facilitate access to our markets for our Asian customers," said Rudolf Ferscha, CEO of Eurex. "This recognition will create further business opportunities for Singapore based traders and allow us to extend direct access to our global benchmark products."
Prior to this regulatory recognition, access to Eurex from Singapore was only possible via intermediaries or foreign subsidiaries. Eurex currently has approximately 400 members in 18 countries.