Eurex Clearing Asia Gets MAS Approval, New Management Appointed

Deutsche Börse Group has just received full regulatory approval from the Monetary Authority of Singapore (MAS) to operate Eurex Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term Asia – the new operation will be headed by two senior appointees, according to a Deutsche Börse statement.

This new Clearing House Clearing House A clearing house is defined as an intermediary between two parties, a buyer and seller, which helps facilitate the overall process from trade inception to settlement. Clearing houses streamline the exchange of payments, securities, or derivatives transactions.The clearing house is situated between two clearing firms who also helps reduce the risk of either member firm failing to honor their respective trade settlement obligations.Buyers and sellers enter into legally binding agreements for the e A clearing house is defined as an intermediary between two parties, a buyer and seller, which helps facilitate the overall process from trade inception to settlement. Clearing houses streamline the exchange of payments, securities, or derivatives transactions.The clearing house is situated between two clearing firms who also helps reduce the risk of either member firm failing to honor their respective trade settlement obligations.Buyers and sellers enter into legally binding agreements for the e Read this Term of Deutsche Börse Group’s will be based in Singapore, which will be run by Roland Schwinn as its newest Chief Executive Officer (CEO) and Christoph Kraus as its Chief Operating Officer (COO).

Eurex Clearing Asia has been seen as an important growth element to the group’s Asian strategy of Deutsche Börse Group. Consequently, the venue will be strategically placed to cater to investors operating during Asian trading hours. Moreover, Deutsche Börse’s approval by MAS represents a two-month bid to achieve a license, having submitted an application back in May

Mr. Schwinn has been a mainstay at Eurex since 2007, having served as its Head of Business Development for Asia, Pacific and the Middle East. Prior to Eurex, he also worked at DTB, (Deutsche Terminbörse) Eurex’s predecessor. More recently, he has been the Executive Director at Eurex Frankfurt.

Alternatively, Mr. Kraus has been an avid participant in the Eurex Asia project since early 2013, having taken over the reigns of project management in January 2014. He joined Eurex, the derivatives market of Deutsche Börse Group back in June 2006 and has worked previously as its Senior Vice President (SVP).

Earlier this month, Deutsche Börse revealed its order book turnover across all asset classes in June 2015, which highlighted a figure of just $165.7 billion (€149.3 billion).