ASX Eyes Hedge Funds With Singapore Base

Feb 4 2014 | 10:08am ET

The Australian Securities Exchange is set to open an office in Singapore this year in an effort to attract hedge funds to opportunities Down Under.

The ASX is expanding its derivatives business, and hopes that Asia's growing hedge fund industry will be a major source of new customers.

"It will be a meaningful presence," ASX CEO Peter Hiom told Bloomberg News of his new city-state base. "There's an untapped opportunity for us in Southeast Asia."

ASX also plans to add client clearing services in April, allowing managers to put their collateral for derivatives trades with the exchange itself rather than with brokers, like the collapsed MF Global.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...