Nanhua Singapore last month obtained approvals for memberships with ICE Futures Singapore (IFSG) and ICE Clear Singapore (ICSG). As one of the few futures brokerage firms to hold both memberships, Nanhua Singapore is now permitted to trade products on IFSG and clear through ICSG.

“We are pleased to join ICE in Singapore, as becoming a member allows Nanhua Singapore to strengthen our trading and global clearing capabilities, providing our clients with expanded opportunities in international markets,” said Zheng Peiyuan, Chief Executive Officer, Nanhua Singapore. 

Nanhua Singapore now holds memberships with 18 major global exchanges and 15 clearing qualifications, including leading bourses like London Metal Exchange(LME) and Chicago Mercantile Exchange Group(CME Group). The approval of its trading and clearing memberships with ICE Singapore has further expanded its global clearing footprint in Southeast Asia, a region with a strong market for commodities such as natural rubber and energy-related chemicals.

Intercontinental Exchange, Inc. (NYSE: ICE), the parent company of ICE Singapore, is a Fortune 500 company that provides financial technology and data services across major asset classes. It helps its customers access mission-critical workflow tools that increase transparency and efficiency. Its resources allow Nanhua Singapore to optimise its workflow by increasing transparency and efficiency in their trading and clearing operations.

“We are delighted to welcome Nanhua to ICE in Singapore,” said Maria Levanti, President & COO, ICE Futures Singapore and ICE Clear Singapore. “We continue to work closely with the regional market to connect local and international participants in Asia with access to global markets and risk management tools.”

Zheng added: “This membership underscores our commitment to delivering reliable and efficient services that meet the evolving needs of our clients, and we look forward to deepening our collaboration with ICE as we continue to support our clients’ growth globally.”