SINGAPORE (Feb 3): Phillip Futures, the futures brokerage arm of PhillipCapital Group, has secured wins across two categories at the 2019 Singapore Exchange (SGX) annual awards.
The Singapore-based brokerage was ranked one of the top five SGX derivative trading members for 2019. The award gives recognition to members who achieved top volume in the derivatives market in 2019.
Phillip Futures is one of the pioneer clearing members of Singapore Exchange Derivatives Trading (SGX-DT), and has played significant roles in the exchange’s derivatives market ecosystem.
With this recognition, the group joins the ranks of global investment banks ABN Amro, JP Morgan, Merill Lynch and Societe Generale, who are winners in the same award category.
Phillip Futures was also ranked top three SGX SICOM Rubber Clearing members in 2019 for its role in growing the rubber market.
“We are extremely honoured to receive the SGX Awards, they are a great recognition from SGX and the industry. These two wins are a testament to the big strides we have made over the past year amidst the backdrop of an increasingly challenging economy,” says Phillip Futures CEO Teyu Che Chern.
“It is the result of our effort to better meet our clients’ needs and a solid broker-exchange partnership, both of which we will continue to strengthen,” adds Teyu.