HSBC Joins SGX Securities Market As Trading And Clearing Member

Singapore Exchange (SGX) today welcomed The Hongkong and Shanghai Banking Corporation Limited (HSBC) to its securities market as a Clearing Member, and HSBC Securities (Singapore) Pte Limited as a Trading Member.

Chew Sutat, Head of Sales and Clients at SGX said, “We are delighted to have HSBC, with its wide customer network, join our securities market as a Trading and Clearing Member. We look forward to the role HSBC will play in growing the distribution of our Asian, in particular China-related, products and services among the international community of investors.”

“We are delighted to be accepted as a Bank Clearing Member of the SGX, this will enable us to extend our Sub Custody business by offering the full spectrum of post trade solutions to our clients. This underscores our commitment to service the evolving needs of our clients by providing an integrated platform that complements our capabilities in Cash Management and Treasury. It also coincides with the recent launch of our Broker-Dealer proposition in Singapore in addition to our Trading Membership with the SGX, reinforcing our position as a leading securities services provider in this key market," said Guy Harvey-Samuel, Group General Manager and CEO of HSBC Singapore.

The addition of HSBC brings the number of Trading Members to 25 and the number of Clearing Members in the securities market to 26. The derivatives market has 44 Trading Members and 28 Clearing Members. SGX AsiaClear, the OTC derivatives clearing unit, has 12 Clearing Members for the clearing of OTC financial derivatives.