Singapore Exchange Proposes Admission of Remote Trading Members for Securities Markets
Singapore Exchange (“SGX”) proposes to expand membership on the
securities market to foreign brokers based abroad. These brokers, regarded as remote trading members will observe their home rules and deal only for foreign investors.
The proposal will expand the pool of international participation.
Foreign investors can deal into the Singapore markets with greater convenience and choice. This will in turn lead to increased liquidity in our Singapore market.
Benefits to the Singapore Market: Increased Participation and Efficiency
At present, some foreign investors transact through multiple layers of intermediaries in order to access the Singapore markets. With the introduction of the remote trading members, foreign investors will be served by a wider pool of trading professionals with access to the
Singapore market. This initiative will extend the reach of SGX into the international market.
Maintaining the Standards and Quality
Remote Trading Members will be observing regulatory requirements which are on par with those in Singapore. Some of these are:-