The Singapore Exchange (SGX) has admitted US investment bank and brokerage house Cantor Fitzgerald as the 27th trading member on its securities market. SGX's securities market also has 27 clearing members; its derivatives market has 30 trading members and 26 clearing members.
“We believe Cantor's strength and presence in major global capital markets will help increase and widen our distribution network, which is key in reaching out to global investors,” commented Rama Pillai, senior vice president and head of sales and distribution at SGX.
Jason Boyer, executive managing director, Asia, said Singapore was a “fantastic market to be in” and welcomed the prospect of further participation of foreign market participants.
The move follows the approval of Deutsche Bank as a bank clearing member on its securities market in August and the addition of Goldman Sachs Futures and Standard Chartered Securities as securities trading and clearing members in March this year.