Cantor will commence their operations on Monday, 18 March 2002 with a team of floor brokers and traders providing trade execution and arbitrage execution to its customers worldwide.
Mr Thomas Kloet, CEO of SGX said, " We are very pleased to welcome Cantor to the SGX family of corporate members. Together with our other members, Cantor will not only further deepen the liquidity of our derivatives contracts and broaden the participant base of our marketplace, but add value to the global network of broking and financial services distributing SGX's exciting array of products."
Mr. Lee Amaitis, president and CEO of Cantor Fitzgerald International said, "We are extremely enthusiastic about the opportunity to participate directly in such a forward-looking, international exchange. SGX's broad range of derivatives products and strategic time zone are perfect complements to our brokerage and other financial services for customers in Singapore and around the world. We are especially pleased that SGX's derivatives market will be the first in the world, where eSpeed, our global electronic trading platform, will be operational from the floor, providing access to live prices for all major financial instruments. The next step will be to develop a direct interface between eSpeed and the SGX Electronic Trading System to provide local market participants with a single source for the fully electronic trading of cash and futures."
Cantor Fitzgerald operates in a wide variety of financial and non-financial marketplaces including fixed income, equities and interest rate derivatives. With its new SGX membership, Cantor's participation in the Asian region will intensify, especially in servicing global institutions trading Eurodollar, Euroyen, Singapore Dollar Interest Rate and Japanese Government Bond futures contracts listed at SGX.
