General Announcement::SGX welcomes Shinhan Investment and Cathay Futures as new Derivatives Trading Members

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
29-Jun-2017 17:15:03
Status
New
Announcement Sub Title
SGX welcomes Shinhan Investment and Cathay Futures as new Derivatives Trading Members
Announcement Reference
SG170629OTHR90GZ
Submitted By (Co./ Ind. Name)
Yee Kai Pin
Designation
Vice President
Effective Date and Time of the event
29/06/2017 00:00:00
Description (Please provide a detailed description of the event in the box below)
Singapore Exchange (SGX) today welcomed Shinhan Investment Corp. and Cathay Futures Corp. as new Trading Members of its derivatives market.

Shinhan Investment is SGX's first derivatives Trading Member from South Korea. Originally established in 1973, the Seoul-based securities brokerage and investment bank is a subsidiary of Shinhan Financial Group Co. Ltd.

Cathay Futures, a subsidiary of Cathay Financial Holding Co. Ltd., started its offshore derivatives business in 2015. SGX is the first exchange that the Taipei-based company has applied to for remote membership.

Michael Syn, Head of Derivatives at SGX, said, "We are pleased to welcome Shinhan Investment and Cathay Futures as we continue to expand our global membership and distribution network. We look forward to their active participation as we enhance the liquidity of our derivatives market."

Ju-Mee Hyun, Senior Vice President of Shinhan Investment, said, "We are honoured to be the first Korean company to join SGX as a Trading Member. This is an opportunity to increase our clients' access to the risk-management and investment tools offered by the exchange."

Chun-Sheng Chen, Chairman of Cathay Futures, said, "We are delighted to become a Trading Member of SGX, which recognises the quality of our client services. We look forward to working closely with the exchange to support an exciting and innovative derivatives market."

The additions of Shinhan Investment and Cathay Futures bring the number of Trading Members in SGX's derivatives market to 59. The derivatives market also has 25 Clearing Members. In addition, there are 11 Clearing Members for over-the-counter financial derivatives. In SGX's securities market, there are 27 Trading Members and 26 Clearing Members.

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