General Announcement::SGX welcomes Orient Futures International as Derivatives Trading and Clearing 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
02-Jan-2020 12:17:37
Status
New
Announcement Sub Title
SGX welcomes Orient Futures International as Derivatives Trading and Clearing Member
Announcement Reference
SG200102OTHRZMP3
Submitted By (Co./ Ind. Name)
Jo-Ann
Designation
Senior Associate, Marketing & Communications
Description (Please provide a detailed description of the event in the box below)
Singapore Exchange (SGX) welcomes Orient Futures International (Singapore) Pte. Ltd. as a Trading and Clearing Member of its derivatives market.

Orient Futures International is a wholly owned subsidiary of Orient Futures Co., Ltd. and ultimately owned by Orient Securities Co., Ltd., a constituent of the SSE 50 Index. It is spearheading Orient Futures' internationalisation initiatives to provide brokerage services to a suite of capital markets products.

Chew Sutat, Head of Global Sales and Origination at SGX, said, "We are pleased to welcome Orient Futures International as a derivatives Trading and Clearing Member. Through their presence in Singapore and strong footprint across greater China, we are excited to work with them in broadening the offerings available to their clients. Their membership affirms the growing importance of Asian derivatives among investors and underscores SGX's role as the leading centre for Asian risk-management."

Marcus Goi, Chief Executive Officer of Orient Futures International, said, "We are excited to join the SGX family as a direct Derivatives Trading and Clearing member. Orient Futures International is committed to providing clients with a seamless, accurate and automated digital user experience for pre- and post-trading services. This membership also marks a significant milestone for the Orient Group's internationalisation strategy and we look forward to working closely with SGX and use its diversified products to achieve scale and efficiency in established markets, as part of our aim to be the 'Broker of Future'."

With the addition of Orient Futures International (Singapore) Pte. Ltd., SGX's derivatives market now has 65 Trading Members and 26 Clearing Members.

Attachments

20200102_SGX_Welcomes_Orient_Futures_International_Derivatives_Trading_and_Clearing_Member.pdf
Total size =464K