Fortis will commence their operations today with a Singapore-based team dedicated to providing independent clearing of derivatives trades for its customers worldwide.
Mr Gan Seow Ann, Executive Vice President and Head of Markets at SGX said, "We are very pleased to welcome Fortis to the SGX family of clearing members. Fortis, with its global network of clients, will broaden our base of market participants and enhance the liquidity of our derivatives market. Together with our 22 Derivatives Clearing Members, Fortis' presence also widens the suite of value-added financial services offered to our customers."
Mr Barry Parker, Regional Manager Fortis Clearing Asia Pacific added, "We are very pleased to be active in Singapore. Fortis is looking forward to participating in and adding to the growth of the SGX markets. Our presence in the Singapore market will contribute greatly to the continuing development of Fortis Clearing as one of the leading Third Party Clearing organisations in the region."
