Jefferies Singapore Ltd has joined the Singapore Exchange (SGX) as a clearing and trading member for its derivatives market.
The admission of Jefferies brings the number of trading and clearing members in SGX’s derivatives market to 48 and 26 respectively. The securities market, which covers structured solutions, has 26 trading and 26 clearing members. In addition, there are 11 clearing members clearing OTC-traded financial derivatives on SGX AsiaClear.
“With SGX providing access to the key Asian market indices, Jefferies can continue to build on their US and European business franchise and extend their presence into Asia with SGX as its key Asian centre,” said Chew Sutat, head of sales and clients at SGX.
According to Emmanuel Faure, head of Asia futures at Jefferies, the SGX designation will enable Jefferies Singapore to continue to provide clients with a comprehensive derivatives offering to institutional clients in Asia.
“The Singapore Exchange is the essential venue for financial and commodities trading in Asia, with unparalleled trading volume and product offerings,” said Faure. “This designation complements our strategy of providing best-in-class strategy and execution for our global institutional clients and will allow us to provide them an integrated platform to meet their trading objects.”
SGX also has recently released its new series of futures-based indices, SGX Access Asia Indices, which is targeted at structured product issuers seeking underlying benchmarks with higher liquidity.
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