Singapore Exchange (SGX) welcomes KGI Capital (Singapore) Pte Ltd as a Clearing and Trading Member of its derivatives market.
"We are excited to have KGI Capital as our first Taiwanese clearing member in Singapore, affirming the strong value brokers from Taiwan see in our derivatives market. Including KGI Capital which is also a trading member, seven Taiwanese firms are members of our derivatives market. As the world's largest offshore Asian equity derivatives market, SGX is committed to delivering to its members and investors, a wider network of participants, new products and improved efficiency," said Mr Chew Sutat, Head of Sales and Clients at SGX.
SGX's derivatives market has achieved record open interest in recent months. Open interest reached a new record high of 3.14 million contracts on 26 February.
"We are pleased to be accepted as a trading and clearing member of Singapore Exchange. By joining SGX, we strengthen our ongoing efforts to expand our business into the Asia-Pacific market and enhance our commitment to the region," said Mr Samuel Ho, Executive Director, KGI Futures.
The admission of KGI Capital brings the number of Clearing Members for SGX's derivatives market to 27 and the number of Trading Members to 43. In addition, there are 11 Clearing Members for the clearing of OTC-traded financial derivatives on SGX AsiaClear. The securities market also has 27 Trading Members and 27 Clearing Members.
About KGI Capital Singapore
KGI Capital Singapore is part of KGI Group from Taiwan. Founded in 1988, the KGI Group is a multi-faceted, pan-Asian financial services group that thrives on providing the highest standards of service to its clients. The KGI Group prides itself on utilizing unsurpassable integrity and professionalism, prudence in its judgments and reliance on the security of a well-resourced institution to provide this service to its clients.
KGI Capital Singapore offers all futures products and targets institutional clients for execution, clearing, and Direct Market Access facilities. Cross-selling ability with all other regional offices enhances KGI's one-stop-shop.