Singapore Exchange (SGX) Group has welcomed Holly International Financial Holdings as a trading member of its derivatives market.
With its latest admission, SGX Group’s derivatives market now has 70 trading members and 30 clearing members.
Holly International Financial Holdings, which was established in 2011, is a Hong Kong based company that offers financial products and services. The group is a wholly-owned subsidiary of Holly Futures, a large-scale futures company licensed by the China Securities Regulatory Commission (CSRC).
“Holly International’s footprint and experience within the Greater China region will add immense value to our derivatives ecosystem. Their expertise and reach will undoubtedly enhance liquidity and offer greater opportunities for market participants,” says Poi de Win, senior managing director, head of global sales and origination, SGX Group.
Alex Xiang, CEO of Holly International Financial Holdings, adds: “We are delighted to join SGX Group as a derivatives trading member. This achievement not only signifies a milestone for Holly International Financial Holdings Limited but also marks our commitment to expanding our market presence and providing diverse investment opportunities to our clients across the region."
Shares in SGX closed 1 cent lower, or down 0.09%, at $11.70 on Oct 16.
