By Monica Houston-Waesch 

FRANKFURT--German stock market operator Deutsche Boerse AG has received regulatory approval to establish Eurex Clearing Asia, a clearing house based in Singapore.

Operations are set to begin in 2016, Deutsche Boerse said Tuesday, after receiving a green light for the project from the Monetary Authority of Singapore.

The clearing house will initially be offering services for select European benchmark derivatives listed on its Eurex Exchange during Asian trading hours. In a following step, it will offer an array of clearing services for listed Asian derivatives to both Asian and European investors.

Write to Monica Houston-Waesch at nikki.houston@wsj.com

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