SEAM is a remote non-clearing membership which allows an overseas institution to trade and broke products in SGX's derivatives market, without the need for an office in Singapore.
Mr Ang Swee Tian, SGX President, said, "We are pleased to offer this membership structure which will provide our market participants greater flexibility in the way they wish to operate in our derivatives market. It is part of the exchange's efforts to attract more players to participate in our market and to broaden our distribution network.
We welcome Okato Shoji to the exchange and look forward to Okato's contribution in promoting and trading our energy, and other derivatives products."
Mr Masahiko Matsui, Director, International Business, Okato Shoji Co. Ltd, said, "We are very pleased to be admitted as a SGX ETS Associate Member of SGX and we will continue to be an aggressive participant in SGX products such as the SGX Middle East Crude Oil Futures."
