General Announcement::News Release: SGX welcomes Rifa Futures Limited as Derivatives Trading Member

Issuer & Securities

Announcement Title: General Announcement
Date &Time of Broadcast: 12-Apr-2018 17:09:51
Status: New
Announcement Sub Title: News Release: SGX welcomes Rifa Futures Limited as Derivatives Trading Member
Announcement Reference: SG180412OTHRDROW
Submitted By (Co./ Ind. Name): Jo-Ann
Designation: Senior Associate
Description (Please provide a detailed description of the event in the box below): Singapore Exchange (SGX) welcomes Hong Kong-based Rifa Futures Limited (Rifa Futures) to its derivatives market as a Trading member.

Michael Syn, Head of Derivatives at SGX said, "We are pleased to extend our distribution network in Greater China with the addition of Rifa Futures to our derivatives market and look forward to supporting their ability to meet their clients' risk management needs."

Stephen Chan, Director at Rifa Futures said, "We are very much honoured to be admitted to SGX as a Derivatives Trading Member. SGX plays an important role in the development of the derivatives markets and we look forward to working with the exchange to provide a better service to our global futures customers."

The admission of Rifa Futures brings the total number of Trading Members in SGX's derivatives market to 60. The derivatives market also has 24 Clearing Members. In addition, there are 11 Clearing Members for OTC-traded financial derivatives. In the securities market, there are 26 Trading Members and 25 Clearing Members.

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