Rakuten Securities has joined Singapore Exchange (SGX) as a trading member of its derivatives market.
Chew Sutat, head of sales and clients at SGX, says: “We are pleased that Rakuten Securities, a major online brokerage in Japan, has joined our derivatives market. Coming from Asia’s second-biggest economy where there is a large pool of investors and companies interested in the region, Rakuten will add value to SGX’s derivatives community by enhancing awareness and distribution of our derivatives products.”
Yuji Kusunoki, president at Rakuten Securities, says: "We are very delighted to be a trading member of SGX. As a major internet brokerage company with access to SGX’s equity index futures, we are aware of our investors’ great interest in offshore futures trading. At the same time, we have been offering Japanese investors the ability to invest in SGX- listed securities. We look forward to a long and fruitful relationship with SGX as we work together to enhance services available to Japanese investors.”
The admission of Rakuten Securities brings the number of trading members for SGX’s derivatives market to 44. The derivatives market also has 28 clearing members. In addition, there are 12 clearing members for the clearing of OTC-traded financial derivatives on SGX AsiaClear while the securities market has 25 trading members and 26 clearing members.