Jefferies Becomes Latest Derivatives Clearing Member at Singapore Exchange

Singapore’s main financial markets trading venue, the Singapore Exchange (SGX), has added a new participant to the growing list of derivatives clearing members. US-based invest banking giant, Jefferies Group, has joined Asia’s leading multi-asset trading bourse through its Singaporean subsidiary, Jefferies Singapore Ltd. The move highlights Asia’s prominent role as an investment magnet for firms in developed markets.

The Southeast Asian exchange reported that it has added Jefferies Singapore Ltd as a Clearing and Trading member to its derivatives market. The new inclusion bolsters the vast list of member firms, Jefferies bringing the number of Trading Members and Clearing Members in SGX’s derivatives market to 48 and 26 respectively. The securities market also has 26 Trading and 26 Clearing Members. In addition, there are 11 Clearing Members clearing OTC-traded financial derivatives on SGX AsiaClear.

Chew Sutat, Head of Sales and Clients at SGX, commented about the new appointment, “We are glad that Jefferies has decided on SGX as their first derivatives exchange membership in Asia. With SGX providing access to the key Asian market indices, Jefferies can continue to build on their US and European business franchise and extend their presence into Asia with SGX as its key Asian centre.”

Singapore has been enhancing its financial markets environment as it competes with neighbour Hong Kong to hold onto the status as Asia’s premier financial hub.

“We are pleased to become a derivatives trading and clearing member of the Singapore Exchange. This designation enables Jefferies Singapore Ltd to continue to provide clients with a comprehensive, full-service derivatives offering and demonstrates our longstanding commitment to serving our institutional clients in Asia and beyond. The Singapore Exchange is the essential venue for financial and commodities trading in Asia, with unparalleled trading volume and product offerings.

This designation complements our strategy of providing best-in-class strategy and Execution for our global institutional clients and will allow us to provide them an integrated platform to meet their trading objectives," said Emmanuel Faure, Head of Asia Futures at Jefferies LLC, in a statement.