All eyes on Eurodollar:

A split appears to be developing between Singapore's local and global brokers over negotiations to determine the future of the SGX/CME mutual offset system (MOS) for Eurodollar futures.

With the contract accounting for 55% of SGX's futures volume, brokers agree that renewal of the MOS is "clearly a matter of survival for SGX-Derivatives."

However, while local brokers are lobbying hard to...