Interactive Brokers Joins SGX Derivatives Market as Clearing Member in APAC Push

Thursday, 23/04/2026 | 10:24 GMT by Damian Chmiel
  • The Nasdaq-listed brokerage brings SGX's derivatives roster to 68 trading members and 34 clearing members.
  • The membership adds direct clearing rights as IBKR extends a string of Asia-Pacific exchange connections.
The skyline of Singapore
The skyline of Singapore

Interactive Brokers Singapore has joined Singapore Exchange as a trading and clearing member of its derivatives market, the latest step by the Nasdaq-listed brokerage to widen its direct access to Asia-Pacific venues and route more of its regional flow through local infrastructure.

Singapore Summit: Meet the largest APAC brokers you know (and those you still don't!)

The admission gives the unit the ability to both execute and clear trades on SGX's futures and options markets without routing through a third-party intermediary.

SGX said the addition brings its derivatives ecosystem to 68 trading members and 34 clearing members, up from the 64 trading members and 26 clearing members the exchange reported in 2021.

APAC Build-Out Continues for Nasdaq-Listed Broker

Interactive Brokers Group, the parent of the Singapore unit, offers automated execution and custody on more than 170 markets, according to the company. Its Singapore entity was set up in 2020 and has since become one of the firm's main vehicles for regional growth.

SGX membership fits a clear pattern. In November 2025, the broker added Taiwan's Taipei Exchange to its trading roster, pitching small and mid-cap access to clients worldwide.

A year earlier, in August 2024, it integrated Bursa Malaysia's listed derivatives, covering Crude Palm Oil Futures and FTSE Bursa Malaysia KLCI Futures. Earlier moves extended the firm's reach into Japan through global CFDs and into Hong Kong through cryptocurrency trading.

Yujun Lin – CEO, Interactive Brokers Singapore
Yujun Lin, CEO, Interactive Brokers Singapore

Yujun Lin, CEO of Interactive Brokers Singapore, said in a statement that the membership "underscores our commitment to Singapore and the broader Asia Pacific region."

SGX Membership Base Grows as Competition Broadens

The SGX roster has expanded steadily over the past six years. US-listed INTL FCStone's Singapore unit joined as a trading and clearing member in 2019, taking the exchange to 62 trading and 25 clearing members at the time.

Chinese firms including Shanxi Securities International Futures and Hong Kong-based Synergy Futures followed in 2021, as SGX worked to deepen cross-border participation in its pan-Asia equity index, FX and commodity contracts.

The exchange has leaned harder into new product areas in the past year. SGX's bitcoin and ether perpetual futures went live in late 2025 with Marex as a day-one clearer, targeting institutional demand that has historically settled on offshore venues.

It has also pushed its OTC FX franchise, naming BidFX co-founder Jean-Philippe Malé as CEO of SGX FX in early 2025.

Competition for Singapore Flow Intensifies

The city-state has become one of the most contested battlegrounds for international brokers.

Interactive Brokers itself rolled out zero-commission US stock trading to Singapore residents last year, competing with Tiger Brokers, Futu-owned moomoo and domestic platforms for the local retail base.

On the institutional side, SGX has attracted fresh volume from regional and global participants, with banks including Mizuho plugging into its FX platform.

Pol de Win, Head of Global Sales and Origination at SGX Group, said the admission "reflects sustained international interest" in the exchange's derivatives ecosystem.

Interactive Brokers Singapore has joined Singapore Exchange as a trading and clearing member of its derivatives market, the latest step by the Nasdaq-listed brokerage to widen its direct access to Asia-Pacific venues and route more of its regional flow through local infrastructure.

Singapore Summit: Meet the largest APAC brokers you know (and those you still don't!)

The admission gives the unit the ability to both execute and clear trades on SGX's futures and options markets without routing through a third-party intermediary.

SGX said the addition brings its derivatives ecosystem to 68 trading members and 34 clearing members, up from the 64 trading members and 26 clearing members the exchange reported in 2021.

APAC Build-Out Continues for Nasdaq-Listed Broker

Interactive Brokers Group, the parent of the Singapore unit, offers automated execution and custody on more than 170 markets, according to the company. Its Singapore entity was set up in 2020 and has since become one of the firm's main vehicles for regional growth.

SGX membership fits a clear pattern. In November 2025, the broker added Taiwan's Taipei Exchange to its trading roster, pitching small and mid-cap access to clients worldwide.

A year earlier, in August 2024, it integrated Bursa Malaysia's listed derivatives, covering Crude Palm Oil Futures and FTSE Bursa Malaysia KLCI Futures. Earlier moves extended the firm's reach into Japan through global CFDs and into Hong Kong through cryptocurrency trading.

Yujun Lin – CEO, Interactive Brokers Singapore
Yujun Lin, CEO, Interactive Brokers Singapore

Yujun Lin, CEO of Interactive Brokers Singapore, said in a statement that the membership "underscores our commitment to Singapore and the broader Asia Pacific region."

SGX Membership Base Grows as Competition Broadens

The SGX roster has expanded steadily over the past six years. US-listed INTL FCStone's Singapore unit joined as a trading and clearing member in 2019, taking the exchange to 62 trading and 25 clearing members at the time.

Chinese firms including Shanxi Securities International Futures and Hong Kong-based Synergy Futures followed in 2021, as SGX worked to deepen cross-border participation in its pan-Asia equity index, FX and commodity contracts.

The exchange has leaned harder into new product areas in the past year. SGX's bitcoin and ether perpetual futures went live in late 2025 with Marex as a day-one clearer, targeting institutional demand that has historically settled on offshore venues.

It has also pushed its OTC FX franchise, naming BidFX co-founder Jean-Philippe Malé as CEO of SGX FX in early 2025.

Competition for Singapore Flow Intensifies

The city-state has become one of the most contested battlegrounds for international brokers.

Interactive Brokers itself rolled out zero-commission US stock trading to Singapore residents last year, competing with Tiger Brokers, Futu-owned moomoo and domestic platforms for the local retail base.

On the institutional side, SGX has attracted fresh volume from regional and global participants, with banks including Mizuho plugging into its FX platform.

Pol de Win, Head of Global Sales and Origination at SGX Group, said the admission "reflects sustained international interest" in the exchange's derivatives ecosystem.

About the Author: Damian Chmiel
Damian Chmiel
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About the Author: Damian Chmiel
Damian Chmiel is a Senior Analyst & Editor at Finance Magnates with more than 15 years of experience in the CFD and online trading industry. Active as both a trader and journalist since 2010, he focuses on broker coverage, fintech innovation, and regulatory developments across Europe, the Middle East, and Asia. His work includes interviews with C-level leaders at major brokerages and fintech platforms, as well as co-authoring Finance Magnates’ quarterly industry benchmarking reports. Damian’s reporting is data-driven, market-aware, and grounded in direct industry engagement. His analysis and commentary have also been cited by external media outlets, including Investing.com, Binance, The Asset, Stockhead, and Dispatch. Education: MA in Finance and Accounting, Cracow University of Economics
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