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Singapore Exchange (SGX Group) is pleased to welcome Guotai Junan Futures (Singapore) Pte. Ltd. to its derivatives market as a trading and clearing member.
Guotai Junan Futures (Singapore), a wholly owned subsidiary of Guotai Junan Futures Co., Ltd., is the sole futures and derivatives platform in Singapore of Guotai Junan Securities, one of the largest investment banks and securities companies in China providing corporate finance, brokerage, FICC and asset management for its clients. The establishment of Guotai Junan Futures (Singapore) in Singapore demonstrates Guotai Junan’s strategic objective in expanding its international presence. Guotai Junan has a comprehensive network in China with more than 400 offices and wealth management centres, and overseas offices in Singapore, Vietnam, the United States and Europe.
Pol de Win, Senior Managing Director, Head of Global Sales and Origination, SGX Group, said, “We have established a close relationship with Guotai Junan Securities through our MOU since 2020. As such, we are delighted to further deepen our collaboration with the addition of Guotai Junan Futures (Singapore) as our newest derivatives trading and clearing member. Guotai Junan’s extensive expertise in China’s futures market will inject fresh perspectives, global insights and diverse trading strategies to help us foster greater diversity to the Singapore futures landscape.”
Luo Dongyuan, Vice President, Guotai Junan Securities, and Chairman, Guotai Junan Futures, said, "We are very pleased to become a derivatives trading and clearing member of SGX Group, which is the substantive measure of Guotai Junan in responding to the "the Belt and Road" initiatives and an important milestone in the Guotai Junan Group's internationalisation process. Guotai Junan will take this opportunity to actively seize Singapore's huge market space, promote deepening of bilateral financial cooperation between China and Singapore, and focus on building a distinctive brand for cross-border derivative business. We will also actively implement the regulatory requirements of the Monetary Authority of Singapore, strengthen open cooperation with SGX and various institutions, comprehensively enhance our cross-border risk hedging service capabilities, and promote bilateral cooperation in financial innovations."
The addition of Guotai Junan Futures (Singapore) brings the total number of Trading and Clearing Members in SGX’s derivatives market to 68 and 28 respectively.
