Phillip Futures Adds ICE Futures Clearing to Its List of Venues Membership

Phillip Futures Inc., a Chicago-based futures commission merchant (FCM) and member of the Singapore-based PhillipCapital Group, announced today that it is now a clearing member of ICE Futures in the US.

Founded in 2010, Phillip Futures is currently a clearing member of CME, CBOT, NYMEX, COMEX, NYSE-LIFFE, CFE and has recently also added Dubai Mercantile Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (DME) to the list. The FCM provides access to worldwide exchanges and through the PhillipCapital Group network it offers direct clearing to 18 Asian exchanges, including Singapore Exchange (SGX) and Tokyo Commodity Exchange (TOCOM). Phillip Futures also received National Futures Association (NFA) approval to become a Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term dealer member (FDM) and Forex firm in June 2014. The firm is expected to launch its OTC Forex offering to customers beginning this fall.

The second largest futures exchange in the U.S, ICE Futures' contracts are cleared through ICE Clear. It is the home venue for some global soft commodity contracts including the benchmark sugar, cotton, coffee and cocoa, as well as cash settled grains and oilseeds. ICE Futures is also the exclusive market for Russell equity indexes and home to the US Dollar Index futures and options, along with sixty currency futures contracts.

Lynette Lim, CEO and Director of Phillip Futures, said: "Since we began in 2010, Phillip Futures continues to grow and we are pleased to be able to offer our customers a broad range of North American natural gas and power, agricultural commodities and equity index futures and options contracts via ICE Futures US now."