Taiwan’s Fubon Futures Joins Singapore Exchange

SINGAPORE – Taiwan-based Fubon Futures Co Ltd has officially entered the Singapore Exchange (SGX) as the newest trading member in its derivatives market, the SGX said in a statement posted on its website.

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.

“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,” said Chew Sutat, Hea of Sales and Clients at SGX.

Sutat added that more customers in Taiwan can draw on SGX’s comprehensive suite of derivatives products to help them better manage their risks through Fubon Futures.

“We look forward to Fubon Futures’ support in enhancing distribution of our derivatives offerings in Taiwan and the region,” he said.

Fubon Futures Chairman Yang June-Hong said the entry of Fubon Futures into SGX is an important development that further strengthens its listed derivates offerings and enables Fubon to provide 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,” Yang said.

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. – BusinessNewsAsia.com