Singapore Exchange (SGX) today welcomed Futu Securities International (Hong Kong) Limited as a Trading Member of its derivatives market.

Futu Securities is an Internet securities brokerage with strategic shareholders that include Tencent Holdings Limited. Founded in 2012, it has more than 5 million software and app users and an accumulated total trading volume worth HK$1.5 trillion.

Michael Syn, Head of Derivatives at SGX, said, “We are pleased to welcome Futu Securities, a fast-growing financial technology startup, to our growing derivatives market. Futu’s support in enhancing the distribution of trading and risk-management tools is valuable given their strong client network, particularly in Greater China.”

Dennis Wu, Chief Executive Officer of Futu Securities, said, “Becoming a derivatives Trading Member of SGX, following our admission as a securities Trading Member in July, represents another milestone in the international development of Futu Securities. We look forward to deepen our cooperation with SGX by offering more comprehensive products, services and information, lifting the client experience to another level.”

The admission of Futu Securities brings the number of Trading Members in SGX’s derivatives market to 62. The derivatives market also has 25 Clearing Members. SGX’s securities market has 26 Trading Members and 25 Clearing members.