About a week after Singapore Exchange Limited (SGX:S68) announced the addition of Taiwan-based JihSun Futures Co., Ltd to its list of derivatives market trading members, the Exchange is welcoming Hong Kong-based broker, Quam Securities Company Limited, to its securities market as a trading member.
The addition of Quam Securities takes the total number of Trading Members in SGX’s securities market to 28. The securities market also has 25 Clearing Members. In addition, there are 11 Clearing Members for OTC-traded financial derivatives on SGX AsiaClear. In the derivatives market, there are 50 Trading Members and 24 Clearing Members.
Chew Sutat, Head of Equities and Fixed Income, SGX says,
“We are pleased to welcome Quam Securities as our first Hong Kong-based securities trading member. With this membership, Quam securities will be able to offer our cash securities to its clients, expanding their investment options and adding diversity to the Singapore securities market’s investor base. We look forward to Quam Securities’ participation and support in our market.”
Kenneth Lam, Deputy Chairman and Chief Executive Officer of Quam Limited, says,
“We are delighted to be accepted as a trading member of SGX. This is important in strengthening our on-going efforts to expand our range of product offering to our clients. We look forward to a solid and fruitful relationship with SGX as we work together to further promote products from the Singapore market to our worldwide clients”.
You can view the full SGX announcement by clicking here.