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Edward Hardman Benedicte Gravrand, Opalesque Geneva: Edward Hardman, of Eurex, the International futures and options exchange, sees the continued futurization of OTC products, being driven by the increased regulation from Dodd-Frank and EMIR.
"Some of the products that we have listed more recently have been traditionally traded OTC, for example Euro swap futures, Eurostoxx 50 Variance futures and FX futures and options," he said during the recent Opalesque Hong Kong Roundtable. "As a CCP (Central Counterparty Clearing House), we are now also clearing interest rate swaps, and we have just launched Euro secured funding futures (repo futures) as well." This trend is going to continue, he adds, as buy-side managers are expecting to use more listed products going forward.
Regulation in Asia used to be a lighter for managers than in Europe and the US, but it is starting to increase. Many Asia-based exchanges are moving in to benefit from this increase in regulation. And there is plenty of capacity for continuing growth here from a derivatives exchange perspective.
Eurex, for one, is planning on growing its business in Asia, through a new clearing house in Singapore called Eurex Asia. The exchange will initially focus on extending the trading hours of the core European products, and then it will launch new Asian-based products.
With regards to the potential for future growth in Asia, he said;...................... To view our full article Click here
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