Futu Singapore joins the SGX Group

The SGX Group welcomed to Futu Singapore Pte. Ltd. as a trading member of its securities market, a clearing member and depository agent of The Central Depository (Pte) Limited (CDP), as well as a trading and clearing member of its derivatives market.

Headquartered in Singapore, Futu Singapore is a subsidiary of Nasdaq-listed Futu Holdings Limited.

It is a next-generation digital broker that offers on-the-go wealth management and trading services through its investment superapp, moomoo. The company offers investment services, including trading and clearing services, along with interactive social features to investors through its unique digital platforms.

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 membership from our securities and derivatives markets.” .

“Futu Singapore is poised to play a leading role in increasing retail share in the Singapore market, with millions of users worldwide through Futu Holdings’ investment platforms. We look forward to strengthening our partnership with Futu Singapore to serve the growing retail and institutional demand for SGX Group’s investment and risk management products across the region.”

For his part, Leaf Hua Li, President and CEO of Futu Holdings Limited, stated that “receiving all memberships of the SGX Group is an important milestone for our company, as we move towards strengthening our leading position in the market as a trusted, reliable and stable investment and wealth management superapp, and as the go-to partner for comprehensive financial inclusion and financial education.”

“Reaching the gong today is representative of a new phase of growth for the retail and institutional investor segments using Futu SG (moomoo), where being one of the most trusted and credible fintech platforms in Singapore and beyond is critical to shape our service and trade capabilities that are of value to our customers.”

With the admission of Futu Singapore, the SGX Group stock market has 27 trading members and 26 clearing members. Its derivatives market now has 66 trading members and 27 clearing members.