Singapore Exchange (SGX) today welcomes its first Chinese member, GF Futures (Hong Kong).
GF Futures joins SGXs derivatives market as a Trading Member.
GF Futures admission to our derivatives market shows that Asian customers are increasingly keen to have direct access to SGXs internationalised suite of products. With its extensive network and customer base across China, including Hong Kong, GF Futures entry will enrich participation in our market, said Mr Chew Sutat, Head of Sales & Clients at SGX.
Dr Cheng Xiao, General Manager of GF Futures said, We are honoured to be the first Chinese derivatives trading member of SGX as this is an important step for the internationalisation of GF Group. By joining SGX, we will further enhance our understanding of Singapore and Asian markets and our customers can more easily access SGXs extensive suite of derivatives products.
The addition of GF Futures brings the number of Trading Members in the derivatives market to 36. The derivatives market also has 37 Clearing Members. In addition, the securities market has 30 Trading Members and 29 Clearing Members.
About GF Futures (Hong Kong) Co. Ltd
GF Futures (Hong Kong) aims to be the first station of GF Futures Companys internationalisation approach. By inheriting and taking advantage of the parent companys merits and coherent operation philosophy of "Integrity, Professionalism, Innovation, Aggressiveness", GF Futures (Hong Kong) is positioned as a centre for research of the international futures markets and an engineering centre of futures and other derivatives products, as well as a cultivation base for global-oriented professional human resources. The Company includes an international business and management centre as well as a communication channel for futures markets at home and abroad.
About Singapore Exchange
Singapore Exchange (SGX) is the Asian Gateway, connecting investors in search of Asian growth to corporate issuers in search of global capital. SGX offers its clients Asias broadest span of equity index derivatives, uniquely centred on Asias three largest economies China, India and Japan. SGX represents the premier access point for managing Asian capital and investment exposure, and is Asias most internationalised exchange with more than 40% of companies listed on SGX originating outside of Singapore.
In addition to offering a fully integrated value chain from trading and clearing, to settlement and depository services, SGX is also Asias pioneering central clearinghouse. Headquartered in Asias most globalised city, and centred within the AAA strength and stability of Singapores island nation, SGX is a peerless Asian counterparty for the clearing of financial and commodity products.