General Announcement::News Release: SGX Welcomes OTCex Hong Kong Limited 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
28-Feb-2018 17:55:52
Status
New
Announcement Sub Title
News Release: SGX Welcomes OTCex Hong Kong Limited as Derivatives Trading Member
Announcement Reference
SG180228OTHRPVE3
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 OTCex Hong Kong Limited to its derivatives market as a Trading Member.

Focused on creating multi-product brokerage service on an international scale, OTCex Hong Kong Limited is an inter-dealer broker specialising in equities and derivatives products. It is part of the OTCex Group headquartered in Paris, with a global client base of over 600 institutions including banks, asset managers, hedge funds and market makers.

Michael Syn, Head of Derivatives at SGX said, "We are pleased that OTCex Hong Kong has joined SGX as a Derivatives Trading Member. We look forward to OTCex Hong Kong's participation and contribution on our exchange as we grow our distribution in Greater China."

Mr Eric Rabot, Managing Director at OTCex said, "We are pleased and excited to be admitted as a Derivatives Trading Member of the SGX, the most international exchange in Asia. This strategic membership greatly expands OTCex Hong Kong's derivatives products portfolio across the region. Above all, it is a key milestone for us all in helping deliver the highest-quality services to our clients. Intrinsic to this partnership, we look forward to working closely with SGX to achieve our sustainability goals matching today's competitive environment."

The admission of OTCex Hong Kong Limited 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 respectively.

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