Eurex, the international derivatives exchange, has opened its representative office in Singapore, as a part of its expansion in the region. The new office will be lead by Philip Joslin.
Reportedly, the Singapore office also covers the business activities in Australia and New Zealand. It has added that at present, Eurex has six members based in Singapore and Australia admitted for trading and further customers are in the admission process. In addition the Singapore office will support the implementation of the trading and clearing of Daily Futures on KOSPI 200 options on Eurex as part of the cooperation with the Korea Exchange (KRX).
Michael Peters, member of the Eurex executive board and responsible for Business Development Asia & Middle East, said: “The new presence in Singapore will significantly improve our customer service in the region and foster our direct relations with South-East Asian market participants. It is also a sign of our strong commitment to one of the most important financial centers in Asia, in which close relationships with key institutions have already been established.”
The company has claimed that the Eurex office in Singapore – as a part of Deutsche Börse Group’s international offices – complements the recently opened representative offices of Eurex in Hong Kong and Tokyo.
