HSBC Joins SGX Derivatives Market

The Singapore Exchange (SGX) on Monday announced that The Hongkong and Shanghai Banking Corporation Limited (HSBC) has joined its derivatives market as a trading and clearing member.

The addition of HSBC brings the number of trading members and clearing members in the derivatives market to 40 and 29 respectively, up 29 per cent and 12 per cent from 31 and 26 a year earlier.

In addition, there are 11 clearing members for the clearing of OTC traded financial derivatives on SGX AsiaClear. The securities market, meanwhile, has 30 trading members and 29 clearing members.