Mr Ang Swee Tian, SGX President, said, "We welcome Leggenda Investimento to the exchange. Together with our other members, Leggenda will help deepen the liquidity of our derivatives contracts, broaden the participation base of our marketplace and add value to the global network of broking and financial services distributing SGX's array of products."
Mr Hiroshi Sumida, CEO of Leggenda Investimento said, "We are pleased and honoured to be the first hedge fund to be issued a commercial associate membership by SGX. In our line of business, a good execution team and supporting infrastructure are indispensable in securing profits for our investors. As a trader, it is important to make accurate split-second decisions on the market, and the open outcry market facilitation is one of the main deciding factors to ensure profitability. We would like to thank the Monetary Authority of Singapore and SGX for their proactive and cooperative manner in facilitating our application for this set-up in Singapore. We look forward to contributing positively to this marketplace."
