Thursday, May 03, 2012

Concord Futures Joins SGX’s Derivatives Market as New Trading Member

Singapore Exchange (SGX) Thursday announced that Concord Futures Corp has joined its derivatives market as a new trading member.
Chew Sutat, Head of Sales and Clients at SGX, said: “We are delighted that Taiwan-based Concord Futures has joined SGX as a trading member. We are pleased that Taiwanese and international market participants have been very supportive of our MSCI Taiwan Index futures since its launch more than 15 years ago. As the largest offshore market for Taiwanese equity index futures, we now have five Taiwanese brokers connecting to us as members. We look forward to their continued support and wider participation going forward.”
The addition of Concord Futures brings the number of trading members in the derivatives market to 40.
In addition, there are 26 clearing members in the derivatives market, and 11 clearing members for the clearing of OTC (over-the-counter) traded financial derivatives on SGX AsiaClear.
The securities market has 27 trading members and 27 clearing members.

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