SGX welcomes ZZFS International as Derivatives Trading Member
ZZFS International is a fully-owned subsidiary of CITIC Futures Co., Ltd., China’s largest futures brokerage firm providing professional brokerage and clearing services.
Michael Syn, Head of Derivatives at SGX said, “We welcome ZZFS International to SGX as a derivatives Trading Member. We look forward to ZZFS International’s support in enhancing the distribution of our growing suite of derivatives given their strong client network across Hong Kong Mainland China and the rest of the Asia region.”
Mr. Zhang Hao, Chairman of ZZFS International, said, “We are delighted to be accepted as a Trading Member of SGX’s derivatives market. This important development further strengthens our listed derivatives offering and enables us to provide our institutional investors and retail clients with an extensive range of derivatives solutions and services. This is a significant step in our global growth strategy. As a futures broker in Hong Kong with solid backing from our China-based parent company, ZZFS is committed to expanding the local derivatives market and our SGX membership will help us achieve our business goals.”
The admission of ZZFS International brings the total number of Trading Members in SGX’s derivatives market to 51. The derivatives market also has 24 Clearing Members. In addition, there are 11 Clearing Members for OTC-traded financial derivatives. In the securities market, there are 28 Trading Members and 25 Clearing Members respectively.