Asian brokerage Quam Securities has become a trading member of the derivatives market at the Singapore Exchange (SGX).
Kenneth Lam, the deputy chairman and CEO of Quam Ltd, said that it would allow the firm to promote products from the Singapore market to its clients.
Quam Securities is the brokerage arm of Quam Ltd and provides trading services for securities and futures, covering a range of markets around the world.
The admission of Quam Securities brings the total number of trading members in SGX’s derivatives market to 46. The market has a total of 27 clearing members.
There are 12 clearing members for OTC-traded financial derivatives on SGX AsiaClear. In the SGX securities market, there are 26 trading Members and 26 clearing members.