Singapore Exchange (SGX) today said SGX AsiaClear, Asia’s pioneer provider of central counter-party clearing services, has increased the number and diversity of its commodity participants since its 2006 launch.
SGX’s commodity clearing service, which enables OTC market participants to trade more efficiently with each other with lower counterparty credit risk, has increased total counterparty accounts to over 660 currently. The number of OTC Clearing Members and Inter-Dealer Brokers supporting this service has
also grown to 22 and 45 respectively.
SGX gave awards last week to the following companies for their achievements in OTC commodity clearing in 2010:
Top 3 SGX OTC Clearing Members in 2010:
- DBS Vickers Securities (S) Pte Ltd
- Newedge Financial Singapore Pte Ltd
- JP Morgan Securities Singapore Pte Ltd
Top 3 AsiaClear OTC FFA Inter-Dealer Brokers in 2010:
- SSY Futures Ltd
- Freight Investor Services Ltd
- Clarkson Securities Limited
Top 3 AsiaClear OTC Oil Inter-Dealer Brokers in 2010:
- DBS Vickers Securities (S) Pte Ltd
- BGC Radix Energy LP, Singapore Branch
- UOB Bullion & Futures Ltd
Top 3 AsiaClear OTC Iron Ore Inter-Dealer Brokers in 2010:
- Freight Investor Services Ltd
- London Dry Bulk Ltd
- GFI Group Pte Ltd