Futu Singapore is now SGX’s securities derivatives trading, clearing member

1 month ago 25

Staff Reporter

, Singapore

It is a digital broker that provides trading and wealth management services.

Futu Singapore, Futu Holdings Limited’s subsidiary, is appointed as a trading member of SGX’s securities market, the bourse declared.

Aside from this role, Futu Singapore is also a clearing member and depository agent of The Central Depository Limited, as well as a trading and clearing member of its derivatives market.

Futu Singapore is a digital broker that also launched an investment super app, Moomoo, which “provides on-the-go trading and wealth management services.”

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SGX said the digital broker firm also offers to invest services including trading and clearing services and interactive social features to investors through its proprietary one-stop digital platforms.

To date, following the inclusion of Futu Singapore, SGX Group’s securities market now has 27 trading members and 26 clearing members whilst its derivatives market now has 66 trading members and 27 clearing members.

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