General Announcement::Jefferies joins SGX derivatives market

Issuer & Securities

Issuer/ Manager
Stapled Security

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
18-Sep-2014 17:20:53
Announcement Sub Title
Jefferies joins SGX derivatives market
Announcement Reference
Submitted By (Co./ Ind. Name)
Joan Lew
Vice President
Description (Please provide a detailed description of the event in the box below)
Singapore Exchange (SGX) is pleased to welcome Jefferies Singapore Ltd as a Clearing and Trading member to its derivatives market.

Chew Sutat, Head of Sales and Clients at SGX said, We are glad that Jefferies has decided on SGX as their first derivatives exchange membership in Asia. With SGX providing access to the key Asian market indices, Jefferies can continue to build on their US and European business franchise and extend their presence into Asia with SGX as its key Asian centre.
We are pleased to become a derivatives trading and clearing member of the Singapore Exchange. This designation enables Jefferies Singapore Ltd to continue to provide clients with a comprehensive, full-service derivatives offering and demonstrates our longstanding commitment to serving our institutional clients in Asia and beyond. The Singapore Exchange is the essential venue for financial and commodities trading in Asia, with unparalleled trading volume and product offerings. This designation complements our strategy of providing best-in-class strategy and execution for our global institutional clients and will allow us to provide them an integrated platform to meet their trading objectives," said Emmanuel Faure, Head of Asia Futures at Jefferies LLC.

The admission of Jefferies brings the number of Trading Members and Clearing Members in SGX s derivatives market to 48 and 26 respectively. The securities market also has 26 Trading and 26 Clearing Members. In addition, there are 11 Clearing Members clearing OTC-traded financial derivatives on SGX AsiaClear.