Ebest Investment & Securities Acquires Derivatives Trading Membership at Singapore Exchange

[Photo by Ebest Investment & Securities]

[Asia Economy Reporter Lee Jung-yoon] Ebest Investment & Securities announced on the 17th that it has acquired the derivatives trading membership of the Singapore Exchange (SGX).

The Singapore Exchange is a financial exchange in Singapore operated by the SGX Group, handling securities and derivatives products. It is the first international multi-asset exchange in Asia to integrate spot and futures markets in 2000.

By acquiring the derivatives trading membership of the Singapore Exchange, Ebest Investment & Securities has gained various benefits such as the authority to trade and clear derivatives listed on the exchange and discounts on brokerage fees. It is the fourth domestic financial company to obtain this membership.

Prior to this, Ebest Investment & Securities and the Singapore Exchange held a partnership signing event in September at the Singapore Exchange, attended by executives from both companies.

Kim Won-kyu, CEO of Ebest Investment & Securities, said, "Ebest Investment & Securities acquired the trading membership of the Singapore Exchange to expand its presence in the global financial market for greater growth," adding, "Going forward, the two companies will have a relationship that rejoices in each other's development, as the saying Songmobaekyeol (松茂柏悅) implies."