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New Addition to Singapore Exchange Derivatives Market

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Singapore Exchange (SGX) welcomed Shanxi Securities International Futures Limited (SSIFL) as a Trading Member of its derivatives market.

Based in Hong Kong, SSIFL primarily deals in global futures and options for Chinese and international clients. It is a wholly owned subsidiary of Shanxi Securities Co., Ltd, a securities firm listed on the Shenzhen Stock Exchange in China, providing securities brokerage, asset management, futures trading, investment management, and financial products underwriting services.

Pol de Win, SGX

Pol de Win, Senior Managing Director, Head of Global Sales and Origination at SGX, said: “We are pleased to welcome SSIFL to our growing and robust ecosystem, as we expand our global membership base. Their strong client engagement and active participation in our market will certainly add to the rising activity in SGX’s derivatives market. With our multi-asset China franchise and customer network, we look forward to working with SSIFL to meet the investment and risk management needs of their clients.”

Qiao Jun Feng, Chairman of Shanxi Securities International Financial Holdings, said: “We are delighted that SSIFL is joining SGX’s community as a trading member. SGX’s derivatives market is playing an increasingly vital role in the region. Over the years, it has launched a series of derivatives contracts including equity indexes, commodities and currencies, whose prices have become regional benchmarks which are highly recognized by various market participants from all over the world. Becoming a member of SGX marks a milestone in our pathway to internationalization, and we will continue to improve our client experience by expanding our market network and enhancing our ties with leading international exchanges.”

With the admission of SSIFL, SGX’s derivatives market now has 64 Trading Members and 26 Clearing Members.