OREANDA-NEWS. Singapore Exchange (SGX) is pleased to welcome Hong Kong-based Celestial Commodities Limited as a Trading Member to its derivatives market.

Ms. Majone Cheng, CEO of CASH Financial Services Group Limited ("CFSG"), said, “We are very pleased to see Celestial Commodities Limited, our wholly owned subsidiary, to become a derivatives trading member of SGX. The move broadens our reach in Asia as SGX offers the world’s biggest offshore market for Asian equity index futures. With CFSG’s commitment to connecting investors round the globe, we will further work with SGX in promoting their products to our clients.”

Chew Sutat, Head of Sales and Clients at SGX, said, “We welcome and are pleased that Celestial Commodities Limited has joined SGX family. Together, we can better cater to the dynamic needs of our global customers and support Celestial in their expansion into Asia.”

The admission of Celestial Commodities Limited brings the number of Trading Members for SGX’s derivatives market to 48.  The derivatives market also has 27 Clearing Members. In addition, there are 11 Clearing Members for the clearing of OTC-traded financial derivatives on SGX AsiaClear while the securities market has 26 Trading Members and 26 Clearing Members.