Published On: Mon, Apr 18th, 2011

SGX AsiaClear Commodity Participants Increase

Singapore Exchange (SGX) said April 18 SGX AsiaClear, Asia’s pioneer provider of central counter-party clearing services, has increased the number and diversity of its commodity participants since its 2006 launch.

SGX’s commodity clearing service, which enables OTC market participants to trade more efficiently with each other with lower counterparty credit risk, has increased total counterparty accounts to over 660 currently. The number of OTC Clearing Members and Inter-Dealer Brokers supporting this service has also grown to 22 and 45 respectively.

SGX gave awards last week to the following companies for their achievements in OTC commodity clearing in 2010:

Top 3 SGX OTC Clearing Members in 2010:
1st DBS Vickers Securities (S) Pte Ltd
2nd Newedge Financial Singapore Pte Ltd
3rd JP Morgan Securities Singapore Pte Ltd

Top 3 AsiaClear OTC FFA Inter-Dealer Brokers in 2010:
1st SSY Futures Ltd
2nd Freight Investor Services Ltd
3rd Clarkson Securities Limited

Top 3 AsiaClear OTC Oil Inter-Dealer Brokers in 2010:
1st DBS Vickers Securities (S) Pte Ltd
2nd BGC Radix Energy LP, Singapore Branch
3rd UOB Bullion & Futures Ltd

Top 3 AsiaClear OTC Iron Ore Inter-Dealer Brokers in 2010:
1st Freight Investor Services Ltd
2nd London Dry Bulk Ltd
3rd GFI Group Pte Ltd

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