Shanxi Securities International Futures Joins SGX as Derivatives Trading Member

Singapore 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 (SGX) announced the joining of Shanxi Securities International Futures Limited (SSIFL), a wholly-owned subsidiary of Shanxi Securities, today as a trading member of its derivatives market.

According to the press release shared with Finance Magnates, SGX’s derivatives market now has a total of 64 trading members and 26 clearing members. In June 2021, Singapore Exchange welcomed Synergy Futures Limited, the Hong Kong-based financial services provider, as a trading member.

Since the start of 2021, several leading financial firms have joined SGX’s derivatives market. The exchange also saw a substantial jump in its trading volumes during the first half of 2021. SGX’s FX futures volume spiked by nearly 30% in July 2021.

Commenting on the recent joining of Shanxi Securities International Futures Limited, Pol de Win, Senior Managing Director, Head of Global Sales and Origination at SGX, said: “We are pleased to welcome SSIFL to our growing and robust ecosystem, as we expand our global membership base. Their strong client engagement and active participation in our market will certainly add to the rising activity in SGX's derivatives market. With our multi-asset China franchise and customer network, we look forward to working with SSIFL to meet the investment and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term needs of their clients.”

Shanxi Securities

Shanxi Securities Co., Ltd, the parent company of SSIFL, provides various financial services, including securities brokerage, asset management and futures trading. "We are delighted that SSIFL is joining SGX's community as a trading member. SGX’s derivatives market is playing an increasingly vital role in the region. Over the years, it has launched a series of derivatives contracts, including equity indexes, commodities, and currencies, whose prices have become regional benchmarks that are highly recognized by various market participants from all over the world. Becoming a member of SGX marks a milestone in our pathway to internationalization,” Qiao Jun Feng, Chairman of Shanxi Securities International Financial Holdings, said.

Earlier this year, Singapore Exchange partnered with Euroclear Bank to launch the Orchid bond structure in Singapore.