The following is from SGX...
Singapore Exchange (SGX) today welcomes its first Chinese member, GF Futures (Hong Kong).
GF Futures joins SGX’s derivatives market as a Trading Member.
“GF Futures’ admission to our derivatives market shows that Asian customers are increasingly keen to have direct access to SGX’s internationalised suite of products. With its extensive network and customer base across China, including Hong Kong, GF Futures’ entry will enrich participation in our market,” said Mr Chew Sutat, Head of Sales & Clients at SGX.
Dr Cheng Xiao, General Manager of GF Futures said, “We are honoured to be the first Chinese derivatives trading member of SGX as this is an important step for the internationalisation of GF Group. By joining SGX, we will further enhance our understanding of Singapore and Asian markets and our customers can more easily access SGX’s extensive suite of derivatives products.”
The addition of GF Futures brings the number of Trading Members in the derivatives market to 36. The derivatives market also has 37 Clearing Members. In addition, the securities market has 30 Trading Members and 29 Clearing Members.