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Screenshot of a breaking news alert e-mail from Q2 2017
Singapore Exchange (SGX) announced that Waterland Futures Company Limited (WLF) has become a Trading Member in its derivatives market.
Established in 1993, Taipei-based WLF focuses on three main areas in futures and options – brokerage, advisory services, and proprietary trading. Its largest shareholder is Waterland Securities Company Limited.
Janice Kan, Senior Vice President for Derivatives at SGX, said:
We are pleased to welcome Waterland Futures as a Trading Member of our derivatives market. Given its business of providing customers with solutions to trade offshore derivatives, participation by Waterland Futures will widen our access to its network of clients, and enhance the distribution of our growing suite of risk management and investment products.
Lee Tzu-Chi, Chief Executive Officer of WLF, added:
We are honoured to become SGX’s derivatives Trading Member as we continue to enhance our trading services with the idea of ‘Customer First.’ We look forward to a close and mutually beneficial relationship with SGX.
The addition of WLF brings the number of Trading Members in SGX’s derivatives market to 55. The derivatives market also has 25 Clearing Members.
In addition, there are 11 Clearing Members for over-the-counter financial derivatives. In SGX’s securities market, there are 26 Trading Members and 25 Clearing Members.