Salomon Smith Barney Singapore Futures Pte Ltd has been granted approval-in-principle for dual membership in the derivatives and securities markets, as a Clearing Member of Singapore Exchange Securities Trading (SGX-ST), Singapore Exchange Derivatives Trading (SGX-DT) and Singapore Exchange Derivatives Clearing (SGX-DC).
Morgan Stanley Dean Witter Asia Securities (Singapore) Pte Ltd and UBS Warburg Pte Ltd have been granted approval-in-principle to SGX-ST as Clearing Members.
With the formal admission of these three companies, as well as the seven companies who received approval-in-principle last October, SGX-ST will have 36 Clearing Members; while SGX-DT will have 32 Corporate Clearing Members, 17 Corporate Non-Clearing Members and 18 Commercial Associate Members.
"The commitment to an open access policy last July has markedly increased the pool of global financial players interested in directly participating in our marketplace. We are confident that these member companies will not only deepen our markets' liquidity, but also add value to the global network of broking and financial services distributing our exciting array of products," said SGX CEO, Thomas Kloet.
