Singapore Exchange Group (SGX) has welcomed Taiwanese-headquartered Yuanta Global as a derivatives clearing member.
Yuanta is a wholly owned subsidiary of Yuanta Futures Co, a futures brokerage firm that operates under the umbrella of Yuanta Financial Holding Co. Headquartered in Taiwan, Yuanta Financial Holding offers a comprehensive range of services across banking, insurance, venture capital and asset management.
The admission of Yuanta Global makes up for 33 clearing members on the derivatives market of the SGX.
SGX’s head of global sales and organisation Pol de Win says that this deepens the exchanges’ relationship with Yuanta Group, building on Yuanta Futures (HK)’s membership as a derivatives trading member since 2019.
“As part of a leading pan-Asian financial group, Yuanta Global (Singapore) brings added depth and breadth to our ecosystem, benefiting market participants across Asia,” he adds.
“We look forward to working closely with SGX to introduce Taiwanese clientele to SGX and vice versa, creating mutual benefit and expanding our regional touch,” says Pin Chen, vice chairman of Yuanta Futures (Taipei).
See also: SGX launches six more depository receipts for Hong Kong, Thai names
Shares in SGX closed 18 cents lower or 1.283% down at $13.85 on June 19.
