Deutsche Bourse has delayed the launch of its planned Asian exchange and clearing house by 18 months, prompted by recent market turbulence and troublesome software issues, Reuters reports.
Singapore-based Eurex Asia had been due to start in Q2 2016, but has been set back until 2017 due to "internal and external" reasons the German-based exchange told the newswire.
Citing 'three people familiar with the matter', Reuters reported that problems with the exchange's C7 clearing software were one reason for the delay.
"It's still not working smoothly in some tests," one person said.