SGX Unveils PoP at HKEx, Opens Local Derivatives Office
Officials say the move provides Hong Kong-based firms with cost-effective and convenient access to market data and trading capabilities on SGX's Asian equity futures market, and that five firms─CSC Futures, Direct Access International Futures, Frontier Research and Technology Ltd, Kim Eng Futures, and Marigold International Futures─have already signed up to connect to SGX via the liquidity hub in HKEx's datacenter.
Separately, SGX has opened an office in Hong Kong to support clients of its SGX-DT derivatives trading platform in the city, after receiving authorization from Hong Kong's Securities and Futures Commission to offer automated trading services locally last September.
The office is headed by chief representative Ringo Chiu, who joined SGX last month from Citic Securities International, where he was chief operating officer, prior to which he was chief information officer at the Hong Kong Securities and Futures Commission, and also served as head of regional technology operations at ABN Amro, and as regional head of finance and investment operations at AIG Investment Corp Asia.
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