CIMB Securities Joins SGX Derivatives Market
Singapore Exchange (SGX) welcomes CIMB Securities (Singapore) as a Trading and Clearing Member of its derivatives market.
Mr Chew Sutat, Head of Sales and Clients at SGX said, “The expansion of CIMB Securities’ membership to our derivatives market highlights the value that brokers see in providing their customers with cross trading opportunities. The addition of new members such as CIMB Securities will further improve our diverse distribution network and bring SGX products and services to new customer segments.”
Ms Carol Fong, Chief Executive Officer of CIMB Securities (Singapore) said, “CIMB is delighted to have received formal admission as a Derivatives Clearing and Trading Member of Singapore Exchange. The membership underscores our commitment to our clients and forms part of our strategy to be the leading universal bank in ASEAN. Together with existing licences in Thailand and Malaysia, CIMB is well positioned
to expand our role in the growing futures market.”
The admission of CIMB Securities (Singapore) brings the number of Clearing Members for the derivatives market to 37 and the number of Trading Members to 34. The securities market also has 30 Trading Members and 29 Clearing Members.