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STOCKS | Staff Reporter, Singapore

Haitong International Singapore joins SGX securities and derivatives clearing teams

The Hong Kong-based firm will strengthen the link between Chinese investors and Singapore capital markets.

Haitong International Singapore has joined the Singapore Exchange (SGX) securities and derivatives markets as a clearing member, the bourse announced on Tuesday.

The financial servicing network will also serve as a depository agent for The Central Depository Limited.

"With their presence in Singapore and strong footprint across Greater China, we look forward to working with them to enhance the distribution of our growing suite of securities and derivatives products to their network of clients, and strengthen the link between Chinese investors and capital markets in Singapore," said Chew Sutat, Senior Managing Director, Head of Global Sales and Origination at SGX.

The company has been a trading secuirities and derivative products with the SGX since 2014.

Including Haitong, SGX currently has 25 trading members and 25 clearing members in its securities market. The derivatives market has 60 trading members and 26 clearing members, with the Central Depository having 49 depository agents.

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