.jpg)
Singapore Exchange (SGX) today welcomed Hong Kong-based brokerage firm, Futu Securities International (Hong Kong) Limited, to its securities market as a trading member.
Founded in 2012, Futu Securities is an internet securities brokerage startup that enables Chinese individual investors to trade stocks across different markets. Its strategic shareholders include Tencent Holdings, Matrix Partners China and Sequoia Capital.
Chew Sutat, Head of Equities and Fixed Income, SGX, said, “As we continue to encourage regional participation in our securities market, we are pleased to welcome Futu Securities, a fast-growing financial technology company, as our securities trading member. Technology is disrupting the securities trading landscape, Futu Securities’ online trading platforms will open a pathway for its clients in Greater China to invest abroad, and we look forward to its clients participating in the Singapore securities market.”
“It is a milestone to be a trading member of SGX for Futu Securities. As Asia’s most international, multi-asset exchange, SGX’s values and pursuit of excellence in the industry coincide with ours. We are proud to work with this leading organization to promote and encourage the best business practices in the industry. Meanwhile, we believe the long term cooperation between us will expand our range of products and bring more comprehensive market information to our clients, which would be conducive to our development strategy of globalization,” said Dennis Wu, CEO of Futu Securities.
The admission of Futu Securities brings the total number of Trading Members in SGX’s securities market to 26. The securities market also has 25 Clearing Members. In the derivatives market, there are 60 Trading Members and 24 Clearing Members. There are also 11 Clearing Members for OTC-traded financial derivatives.
