(MENAFN- PR Newswire)
PALO ALTO, Calif., July 1, 2022 /PRNewswire/ -- Futu Singapore Pte. Ltd. ('Futu SG' or 'Futu Singapore'), a subsidiary of Nasdaq-listed Futu Holdings (Nasdaq: FUTU ) offering securities trading services via moomoo app in Singapore, had the gong-strike ceremony today to mark it becoming the first digital brokerage with full Singapore Exchange memberships.
Mr. Robin Xu, Senior Partner and Senior Vice President of Futu Holdings Limited returns a charging bull to Mr. Loh Boon Chye, CEO, SGX Group, representing the tenacity and the can-do spirit of the modern, tech-savvy investor and of Futu's confident outlook of the future
Futu SG is officially admitted as a Trading and Clearing Member of Singapore Exchange Derivatives Trading Limited and Trading Member of Singapore Exchange Securities Trading Limited. In addition, it will hold clearing membership in SGX subsidiary The Central Depository (Pte) Limited, as well as becoming a depository agent of the financial institution. Futu SG is now one of the twelve SGX members with full memberships among other 79 members.
In honour of the occasion, SGX Group CEO Mr. Loh Boon Chye, Futu Holdings Senior Partner and Senior Vice President Mr. Robin Xu, Futu SG CEO Mr. Ivan Mok and Managing Director Mr. Gavin Chia and other members of the SGX and Futu SG struck the gong of the SGX on the IPO Arena on Thursday, 30 June 2022 at market open.
Mr. Leaf Hua Li, Futu's Founder, Chairman, CEO & Chairman of the Technology Committee commented: 'Receiving all the memberships from SGX was a significant milestone for our company as we moved toward strengthening our market leading position as a trusted, reliable, stable full-service investment and wealth management super-app (moomoo), and as the go-to partner for comprehensive financial inclusion and financial literacy in Singapore.'
Mr. Pol de Win, Senior Managing Director, Head of Global Sales and Origination, SGX Group, said, 'We are pleased to welcome Futu Singapore as the first digital broker to receive full trading and clearing memberships of our securities and derivatives markets. Futu Singapore is primed to play a prominent role in increasing retail participation in Si...