General Announcement::SGX welcomes Tiger Brokers as Securities Trading and Clearing Member and Derivatives Trading Member

Issuer & Securities

Issuer/ Manager
SINGAPORE EXCHANGE LIMITED
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
09-Nov-2021 17:37:56
Status
New
Announcement Sub Title
SGX welcomes Tiger Brokers as Securities Trading and Clearing Member and Derivatives Trading Member
Announcement Reference
SG211109OTHR1K4H
Submitted By (Co./ Ind. Name)
Jo-Ann
Designation
Senior Associate, Marketing & Communication
Description (Please provide a detailed description of the event in the box below)
Singapore Exchange (SGX) today welcomed Tiger Brokers to its securities and derivatives markets as a Trading Member, as well as a Clearing Member and Depository Agent of The Central Depository (Pte) Limited (CDP).

Tiger Brokers is a Nasdaq-listed global online broker that was founded in 2014, providing a one-stop trading platform for customers to trade a wide range of securities across multiple global markets and currencies.

Pol de Win, Senior Managing Director, Head of Global Sales and Origination at SGX, said, "Tiger Brokers has been a partner of SGX for a number of years now and we are delighted to be deepening our partnership with them. Tiger Brokers offers fast, efficient and competitive trading solutions for customers worldwide. As the first online brokerage with SGX memberships across securities trading and clearing, securities depository and derivatives trading, Tiger Brokers will enjoy even greater access to SGX's range of investment and risk management solutions as well as a wider pool of international investors."

Eng Thiam Choon, Chief Executive Officer of Tiger Brokers (Singapore), said, "Tiger Brokers has always been focused on bringing a superior and seamless user experience to investors. This will strengthen our presence amongst investors and financial institutions as a recognised and credible regulated online brokerage, while providing the added security layer and efficiency that could possibly reduce the cost and risk of settling multiple transactions among multiple parties. This would also allow us to focus on Gen Z investors and beyond to trade and invest as part of their wealth management while gaining a higher level of trust with institutional partners to onboard our B2B platform."

With the admission of Tiger Brokers, SGX's securities market now has 26 Trading Members and 26 Clearing Members. The Derivatives market has 67 Trading Members and 26 Clearing Members, with CDP having 50 Depository Agents.

Attachments

20211109_SGX_welcomes_Tiger Brokers_as_ST and DT_Member.pdf
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