Exchange operator Deutsche Boerse has said it plans to launch a derivatives trading venue in Asia by the second quarter of 2016.
Eurex Asia would align with Deutsche Boerse’s new clearing house in Singapore, allowing participants to trade and clear through the German exchange group.
The plans were included in Deutsche Boerse’s investor day presentation, where it highlighted the growth of the Asia-Pacific derivatives market in 2014/2015 across different asset classes.
Many major Western derivatives exchanges are seeking entry to Asia in order to capitalise on the derivatives boom in the region.
Eurex and its competitor Intercontinental Exchange are both setting up in Singapore, representing the first US and European derivatives presence in the region.
Deutsche Boerse also announced a joint venture between Deutsche Boerse, Shanghai and the China Financial Futures Exchange, last week. The China Europe International Exchange is expected to launch in the final quarter of 2015, showing another example of its bid to grow in Asia.