General Announcement::Bright Smart joins SGX as Derivatives Trading Member

Issuer & Securities

Issuer/ Manager
SINGAPORE EXCHANGE LIMITED
Securities
SINGAPORE EXCHANGE LIMITED - SG1J26887955 - S68
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
21-Jul-2015 10:12:41
Status
New
Announcement Sub Title
Bright Smart joins SGX as Derivatives Trading Member
Announcement Reference
SG150721OTHR72VO
Submitted By (Co./ Ind. Name)
Patricia Choo
Designation
Head of Media Communications
Description (Please provide a detailed description of the event in the box below)
Singapore Exchange (SGX) is pleased to welcome Hong Kong-based Bright Smart Futures and Commodities Company Limited (Bright Smart) to its derivatives market as a trading member.

Chew Sutat, Head of Sales and Clients at SGX said, We are pleased that Bright Smart has joined the SGX family as we continue to expand our footprint in Greater China. The active participation of Bright Smart and their network of clients will add to the liquidity in our suite of derivative products. Together, we are well-positioned to better serve our customers who are keen to tap on trading and investment opportunities in Asia.

Nelson Chan, CEO of Bright Smart Group said, We are pleased to join Singapore Exchange as a Derivative Trading member. This membership is a big step for us towards the internationalization of our company and demonstrates that Bright Smart is well recognized in the industry. We will continue to explore and provide more financial products for customers, and strive to become a world-leading financial institution with the best service.

The admission of Bright Smart Futures and Commodities Company Limited brings the total number of Trading Members in SGX s derivatives market to 49. The derivatives market also has 27 Clearing Members. In addition, there are 11 Clearing Members for OTC-traded financial derivatives on SGX AsiaClear. In the securities market, there are 26 Trading Members and 25 Clearing Members.

Attachments

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