Singapore Exchange (S68.SG) +0.4% at $8.46, drawing strength from broader market’s advance, but light volume suggests investors yet to warm up to bourse operator’s move to clear over-the-counter trades in financial derivatives from next month, according to Dow Jones.

“Although the immediate earnings impact is unlikely to be significant, we think this is a substantial longer-term opportunity for SGX,” says Deutsche Bank, which has Buy call with $9.50 target; “although central clearing of OTC derivatives is in its infancy, it is clearly a priority for policymakers.”

SGX says new clearing service in line with global measures to reduce systemic risks, enhance risk management standards across financial sector. Bourse operator will be first in Asia to offer such service, beginning with clearing of interest rate swaps denominated in SGD, USD. Resistance at 52-week high of $8.72.