Tuesday, 6 October 2015
Last updated 2 min ago
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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…