G.H. Financials becomes Singapore Exchange's first direct clearing member

G.H. Financials has boosted its Asian presence by becoming the first remote derivatives clearing member of the Singapore Exchange less than two weeks after appointing a managing director to run the broker’s Asian business.

London-based G.H.Financials said on Monday its admission as the first remote derivatives clearing member will allow the group’s international clients to benefit from direct access to the key Asian exchange.

Raymond Wong, G.H. Financial’s managing director and head of Asia Pacific markets, who assumed that role two weeks ago, said: “This pivotal move strengthens our presence in Asia, one of the world’s most dynamic financial markets, and underscores our commitment to global expansion.”

Wong, who joined G.H. Financials in Hong Kong from his former role as head of HKEX in London, added: “By entering SGX, we aim to bring competitive trading and clearing solutions to a wider audience, enhancing our ability to better serve clients across international markets. This is just the beginning as we continue to innovate and grow on the global stage.”

G.H. Financials said its international clients now enjoy direct access to Singapore, Hong Kong, Japan, Malaysia and Australia as well as the key markets in Europe and the Americas.

Pol de Win, senior managing director and head of Global Sales and Origination at SGX Group, said: “Offering a mechanism for remote clearing membership is a significant step towards supporting more international clients who wish to access our highly liquid markets to manage their risks efficiently across equities, currencies and commodities.”

SGX reported derivatives trading volume up 4% in August, as growth across various segments more than cancelled out lighter trading in the Asian group's main equity index products.