SGX Adds Black Global Futures to its Derivatives Market

The Singapore Exchange (SGX), a securities exchange operator, on Thursday announced that it has added Blackwell Global Futures Limited to its derivatives market. Global clients of Blackwell Global Futures will now have direct access to the Asian derivatives market.

Blackwell Global Futures is a subsidiary of Blackwell Global Hong Kong. Its membership to the SGX derivatives market (SGX-DT) means the brokerage can now offer derivative contracts from Asia’s most international and connected exchange.

The contracts will be available for both Hong Kong and international investors. In addition to the SGX exchange, investors will also be able to trade with exchanges in other large economies of Asia, such as Tokyo in Japan and Shanghai and Shenzhen in China.

Commenting on the addition of Blackwell Global Futures to the SGX-DT, Michael Syn, Head of Derivatives at SGX, said: “We are delighted to welcome Blackwell Global Futures to our growing community of members, and look forward to supporting them as we continue to grow the Liquidity and global network within our derivatives market.”

Michael Chai, Chairman of the Blackwell Global Group, also added: “We are very honoured to be formally admitted as a Derivatives Trading Member of SGX.

"This is a significant development in our ongoing commitment to offer our clients trading products and services of esteemed repute, especially with the rapidly growing demand for Asian markets.”

Growth of SGX

With the addition of Blackwell Global Futures, there are now 60 Trading Members in the SGX-DT. In addition, there are also 24 Clearing Members of the derivatives market.

SGX’s over-the-counter traded financial derivatives have 11 Clearing Members, while its securities market has an equal 25 Trading Members and Clearing Members each.

In addition, there are 11 Clearing Members for OTC-traded financial derivatives. In the securities market, there are 25 Trading Members and 25 Clearing Members.

The growth of members of the exchange is in line with SGX’s most recent financial data. In April, Finance Magnates reported that SGX published its financial metrics for the third quarter of its 2018 financial year.

The results showed a robust performance across its securities and derivatives operations. In fact, the exchange’s derivatives business saw the largest year-on-year increase, rising by 20 percent to SGD 90 million (around USD 66 million).

The securities trading and clearing revenue also increased by 12% year on year, to SGD 61.7 million (USD 45 million). This amount accounted for 28 percent of SGX’s total revenue.