Royal Bank of Scotland (RBS) has extended its role in the Singapore Exchange’s (SGX) derivatives market by becoming a trading member, Mondovisione reports. RBS, which has received the formal approval from SGX to implement direct execution connectivity with the exchange, has been a bank clearing member in the derivatives market since June 2008.

The move, which will aid RBS’ plan to expand its global futures and clearing business in Asia, brings the total number of trading members in the derivatives markets to 31. The bank provides enhanced execution capabilities to its target clients, which are the large corporations, financial institutions and government bodies.

Click here for the story fromMondovisione.

Click here for additional coverage from AT Monitor.