OREANDA-NEWS. Singapore Exchange (SGX) is pleased to welcome Taiwan-based Fubon Futures Co., Ltd (Fubon Futures) as the newest trading member in its derivatives market.  Fubon Futures, a wholly-owned subsidiary of Fubon Securities, is one of the leading broking firms that provides professional brokerage and clearing services in Taiwan.

Mr Chew Sutat, Head of Sales and Clients at SGX said, “We welcome Fubon Futures to SGX’s team of international trading members.  With its new role, Fubon Futures will be better placed to serve customers seeking access to Asia. In addition, more customers in Taiwan can draw on SGX’s comprehensive suite of derivatives products to help them better manage their risks. We look forward to Fubon Futures’ support in enhancing distribution of our derivatives offerings in Taiwan and the region.”

Mr Yang June-Hong, Chairman of Fubon Futures Corp., said: “We are delighted to be accepted as a trading member of the SGX derivatives market. This important development further strengthens our listed derivatives offerings and enables us to provide our institutional investors and retail clients with integrated derivatives solutions and services. This is a significant breakthrough in our growth strategy in Taiwan and Asia. As a leading futures broker in Taiwan, Fubon Futures is committed to expanding the local derivatives market and our SGX membership will help us achieve our business goals.” 

The admission of Fubon Futures Co., Ltd brings the total number of Trading Members in SGX’s derivatives market to 49. The derivatives market also has 27 Clearing Members. In addition, there are 11 Clearing Members for OTC-traded financial derivatives on SGX AsiaClear. In the securities market, there are 26 Trading Members and 25 Clearing Members respectively.

 About Fubon Futures Corp.,

Fubon Futures was founded in 1998 with NTD 1 billion(USD 33 millions) capital as a wholly-owned subsidiary of Fubon Securities, an affiliate of Fubon Financial Holdings Co., Ltd., Taiwan’s leading financial service provider. Fubon Futures provides the quality service as a professional brokerage and is also a top clearing broker in Taiwan which provides clearing service for futures dealer and other brokers.

About Singapore Exchange (SGX)

Singapore Exchange (SGX) is the Asian Gateway, connecting investors in search of Asian growth to corporate issuers in search of global capital. SGX represents the premier access point for managing Asian capital and investment exposure, and is Asia’s most international exchange with about 40% of companies listed on SGX originating outside of Singapore. SGX offers its clients the world’s biggest offshore market for Asian equity index futures, centred on Asia’s three largest economies – China, India and Japan.

In addition to offering a fully integrated value chain from trading and clearing, to settlement and depository services, SGX is also Asia’s pioneering central clearing house. Headquartered in Asia’s most globalised city, and centred within the AAA strength and stability of Singapore’s island nation, SGX is a leading Asian counterparty for the clearing of financial and commodity products.