SGX opens new Hong Kong office to boost presence in Greater China

It will focus on derivatives trading.

Singapore Exchange (SGX) today opened its new Hong Kong office, which is registered as Singapore Exchange Derivatives Trading Limited (SGX-DT). 

According to Chew Sutat, Executive Vice President of SGX, Hong Kong is an integral part of SGX’s Greater China strategy with its strategic location to China and Taiwan.

Since its opening in July 2014, SGX’s Hong Kong operations have registered positive growth in both traded volumes and members, including China Xin Yongan Futures Co., Ltd and Celestial Commodities Limited.

In particular, the flagship SGX FTSE China A50 Index Futures has continuously achieved record-breaking success in both volume and open interests. It reached new highs with its single day volume of 594,551 contracts and an open interest record of 591,501 contracts in January 2015.