Deutsche taps Indian derivatives growth
Deutsche Bank has expanded its futures execution and clearing services into India by opening its first exchange-based futures business.
The move comes on the back of prolific growth in the local derivatives market. According to Deutsche Bank Global Exchange Services (GES), the Indian operations launched at the start of July. The bank is hoping to offer more products to institutional investors, Finance Asia reports.
Deutsche Bank says India is increasingly on the radar for international investors. It has futures trading businesses in Sydney and Tokyo; the Singapore desk opened earlier this year.
Deutsche Bank says it will continue to look at opportunities to expand GES capabilities in the Asia-Pacific region and work closely with individual regulators to identify further prospects, so watch this space.
