SGX Welcomes KGI Futures As New Member

Singapore Exchange (SGX) announced today that Taiwan-based KGI Futures Co., Ltd has joined its derivatives market as a new Trading Member.

“We are pleased to welcome KGI Futures as a new Trading Member. In recent months, a number of brokers from North Asia have taken trading memberships in our derivatives market, forming more than 10% of our derivatives trading membership.

“Our China A50 futures volume growth has also been significant with more than 660,000 contracts traded in March 2012, triple that of a year ago. We are therefore looking forward to greater member participation in our equity index derivatives on China, Taiwan and other Asian economies,” said Mr Chew Sutat, Head of Sales & Clients at SGX.

Mr Mai I-Yung, Chairman of KGI Futures Co., Ltd, said, “As part of KGI Group, a pan-Asian financial services group, KGI Futures is delighted to join SGX, the Asian Gateway exchange which offers Asia’s broadest span of equity index derivatives. With SGX membership, our customers can be assured of faster and efficient access to SGX products.”

The addition of KGI Futures brings the number of Trading Members in the derivatives market to 38. In addition, there are 26 Clearing Members in its derivatives market, and 11 Clearing Members for the clearing of OTC traded financial derivatives on SGX AsiaClear. The securities market has 28 Trading Members and 28 Clearing Members.