Baodsheng also said that this addition not only strengthened the connectivity of the cross-border market, but also further consolidated the SGX's position as a trustworthy multi-asset trading and clearing hub.

Pol de Win, head of Global Business Initiative and Development Department of SGX Group, said that he is very pleased that Yuanda International has become a derivatives clearing member of SGX, which marks a further deepening of the cooperative relationship between SGX and Yuanda Group, and is another important progress on Yuanda Futures (Hong Kong) becoming a derivatives trading member since 2019.

With the addition of Yuanda International, the number of clearing members of the derivative products market of SGX Group has increased to 33.

Yuanda Futures is affiliated to Yuanda Financial Co., Ltd., the company's headquarters is located in Taiwan and is one of the largest financial groups in the region.

Singapore Exchange announced on Thursday (June 19) that Yuanta Global (Singapore), a wholly-owned subsidiary of Taiwan futures brokerage Yuanta Futures, has become a member of the Singapore Exchange derivatives clearing product.

Yuanda Futures said that it is honored to witness Yuanda International obtaining relevant membership, which not only symbolizes the deepening of Yuanda Futures' international layout, but will also help promote exchanges and mutually beneficial cooperation between Taiwan and Singapore markets. In the future, Yuanda Futures will jointly build the "Asian Futures Golden Triangle" through the three major strongholds of Taipei parent company, Yuanda Futures (Hong Kong) and Yuanda International (Singapore), continue to promote the development of global futures business and create more diverse derivative financial commodities and trading opportunities for traders.