The Singapore Exchange (SGX) has welcomed Hong Kong-based Synergy Futures Limited as a trading member of its derivatives market on June 3.
This brings the total number of trading members and clearing members on SGX’s derivatives market to 63 and 26 respectively.
Synergy Futures offers trading and risk management services including futures, options and securities to domestic and global institutional and professional investors.
Synergy Futures is licensed by the Securities and Futures Commission of Hong Kong to deal in securities and futures contracts.
Chew Sutat, Head of Global Sales and Origination at SGX, says, “We are delighted to welcome Synergy Futures as a new member of our growing derivatives marketplace. This extends our strong membership base across Greater China and supports the rising demand for Asian market derivatives. We look forward to working closely with Synergy Futures to meet their clients’ risk management and investment needs.”
Qin Tian, Executive Director of Synergy Futures, adds, “We are pleased to be a member of Singapore Exchange. Singapore Exchange’s equity index and iron ore products are attractive to investors and Synergy Futures Limited will use our extensive experience in algorithmic trading to meet all our clients’ needs.”
Shares in SGX closed 5 cents higher or 0.5% up at $10.39 on June 3.
