SGX Welcomes Polaris Futures as Member
“We are delighted that Polaris Futures has chosen to be a Trading Member in our derivatives market, supporting our customers in Taiwan by providing easy access to Asia via Singapore. With the continuing trend of increased volume of our Asian derivatives, we are not only seeing greater trading participation, but also strong interest in taking up SGX membership from broking firms in North Asia,” said Mr Chew Sutat, Head of Sales & Clients at SGX.
Mr Ted M.H. Ho, Chairman of Polaris Futures, said: “We are excited to join the membership of Singapore Exchange, which offers Asia’s broadest span of equity index derivatives. This membership shows our commitment in delivering greater service and product range to our customers.”
The addition of Polaris Futures brings the number of Trading Members in the derivatives market to 39, up 26% from 31 a year earlier. SGX’s derivatives market also has 37 Clearing Members. In addition, the securities market has 30 Trading Members and 29 Clearing Members.