Webull Securities Singapore's subsidiary has selected CQG to power its new futures trading operation, connecting the Asia-based brokerage to global derivatives markets through the Denver firm's order routing and risk management infrastructure.

Webull Taps CQG for Singapore Futures Rollout

The deal adds Singapore to a growing list of Webull Corporation's Asia-Pacific units running on CQG technology. Webull Hong Kong and Webull Malaysia began using CQG systems in 2023, creating a common technology backbone across three regional markets where the U.S.-listed broker operates.

“Given CQG is also partnering with other Webull entities in the Asia-Pacific region, our integration has been seamless,” Jonathan Man, CEO of Webull Singapore, said in a statement. The Singapore unit plans to offer futures alongside its existing equities and options products.

This is another move by Webull in the region, following last week’s announcement of a partnership with South Korea’s Meritz Financial Group. The agreement marks Webull’s entry into the South Korean market and aims to provide local investors with access to U.S. equity markets.

Three APAC Markets on Single Platform

CQG provides direct connectivity Connectivity Connectivity is defined as a term used for connecting devices to each other. In most cases, this refers to computer networking and more specifically includes bridges, routers, switches, gateways, and service as well as local networks. Connectivity can refer to simple forms, such as connecting a home or office to the internet or even connecting a digital camera to a computer or printer. Connectivity in FinanceConnectivity has taken on new meaning with the growth of fintech and Big Data collectio Connectivity is defined as a term used for connecting devices to each other. In most cases, this refers to computer networking and more specifically includes bridges, routers, switches, gateways, and service as well as local networks. Connectivity can refer to simple forms, such as connecting a home or office to the internet or even connecting a digital camera to a computer or printer. Connectivity in FinanceConnectivity has taken on new meaning with the growth of fintech and Big Data collectio Read this Term to more than 45 exchanges globally through co-located gateway infrastructure. The technology handles order routing, pre-trade risk checks and broker network access for futures commission merchants and retail brokerages.

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Webull Singapore joins a roster of more than 100 futures brokerage firms using CQG's infrastructure. The firm consolidates market data from 85 sources covering futures, options, fixed income, foreign exchange and equities.

John Co, CQG's managing director for Southeast Asia, described the multi-market arrangement as proof that retail trading firms can rely on third-party infrastructure for derivatives while maintaining proprietary front-end applications.

“This is a powerful example of how the world's most successful retail trading firms are able to rely on CQG's infrastructure as the foundation for their futures offerings while leveraging their own popular trading apps,” he said.

Retail Appetite Tests Infrastructure

Singapore hosts an active retail investor base with appetite for derivatives products. Webull Singapore is regulated by the Monetary Authority of Singapore and holds a Capital Markets Services licence under the Securities and Futures Act 2001.

Ben Soong, CQG president for Asia-Pacific, said the Singapore partnership reflects demand for futures access among regional investors. “In Singapore, this is an especially active market of investors with a growing appetite for futures trading,” Soong said.

The arrangement allows Webull to enter the Singapore futures market without building proprietary order routing and exchange connectivity. CQG handles the low-latency infrastructure and multi-exchange connections while Webull manages customer acquisition, order flow and local regulatory compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term.

Webull Corporation operates in 14 markets across North America, Asia-Pacific, Europe and Latin America, serving more than 24 million registered users. The company trades on Nasdaq under the ticker BULL.

In the meantime, Webull UK is introducing London Stock Exchange-listed shares and exchange-traded funds to its platform, along with a new two-tier account structure. The move is part of the broker’s ongoing efforts to expand its presence in the UK retail investment market.