SGX signs Nordic Bank SEB as Clearing and Trading member

The Nordic bank selected SGX as its first Asian exchange membership as the continent is becoming more essential to the latter’s core corporate and institutional clients.

Singapore Exchange (SGX) on Thursday welcomes SEB (Skandinaviska Enskilda Banken AB) to its derivatives market as a Clearing and Trading member.

Mr Gan Seow Ann, President of SGX, said, "We are pleased that SEB has joined our derivatives market as our first Nordic member. This is the first Asian exchange membership for SEB and we are especially proud that the bank has chosen SGX – the Asian Gateway. With SEB as an SGX member, we look forward to greater fund flows and a wider distribution of our products.”

Mr Fredrik Barnekow, Head of SEB Enskilda Equities, said, “We are both pleased and excited in equal measure at SEB becoming the first Nordic bank member of SGX. This is an important step for SEB as we seek to offer our customers increased direct access to the major global derivative exchanges. Asia is becoming more important to both our core corporate and institutional clients, according to an SGX report.

This membership clearly demonstrates our ambitions to provide services in support of our clients when they expand abroad while at the same time enhancing our existing offering.''

SEB’s admission brings the number of Clearing Members for SGX's derivatives market to 36 and the number of Trading Members to 32. The securities market has 30 Trading Members and 29 Clearing Members.