BNP Paribas Securities Services has joined the Singapore Exchange securities market as a clearing member. The latest addition brings the number of clearing members in the local securities market to 27.
“We are delighted that BNP Paribas Securities Services SCA has become our securities Clearing Member. With its strong global client network and infrastructure, BNP Paribas Securities Services SCA brings to the marketplace a wider choice of clearing and settlement services, supporting SGX’s position as the Asian Gateway.” said Chew Sutat, head of Sales & Clients at SGX.
“This new development supports our stated strategy to expand our product suite in Asia Pacific and demonstrates our commitment to the region. We look forward to providing our innovative clearing services to market participants, while further promoting the Singapore market to our worldwide client base,” said Bruno Campenon, head of Clearing, Custody and Settlement Product Management in Asia Pacific at BNP Paribas Securities Services.
(JDC)