The international derivatives exchange Eurex announced today that it admitted the first local broker from the Republic of Singapore. UOB Bullion and Futures Limited, a subsidiary of Singapore-based United Overseas Bank Limited, was connected on 18 August 2008 to the Singapore Access Point of Eurex.
"We are very pleased to welcome the first local broker from Singapore", said Michael Peters, member of the Eurex Executive board. "Through the connection to our Access Point, UOB Bullion and Futures Limited and its institutional customers now have direct and reliable access to our international trading network and our full product suite." Eurex currently serves more than 400 members in 22 countries.
Terence Ong, chairman, UOB Bullion and Futures said: "It is a great honour for us to be the first local brokerage in Singapore to be connected to the Eurex Access Point that has been set up in Singapore. We constantly look at ways to improve and enhance the trading experience of our clients and this access provides them with trading connectivity to the European markets."
Eurex has been active in Singapore since 2005, when it received regulatory approval by the Monetary Authority of Singapore. Since June 2006 Eurex has been operating an Access Point in Singapore for customers from Asia.
