Intercontinental Exchange (NYSE:ICE), a leading operator of global network of exchanges and clearing houses and provider of global data and listing services, today announced that SinoPac has been approved as a member of ICE Futures Singapore, effective immediately.
SinoPac Futures Corporation, a subsidiary of SinoPac Holdings, was founded in 1994 and specializes in conducting futures transactions for both itself and its clients.
“With this new membership to ICE Futures Singapore exchange, we are now able to further expand our business in Asia and consolidate our position as a leading trading company in Taiwan,“ said Huang-Chi Yeh, Chairperson of SinoPac Futures Corporation. “Furthermore, by working with ICE Singapore, we would envision a great future which will benefit our customers participating in the market.”
“We are pleased to welcome SinoPac as a member of ICE Futures Singapore,” said Lucas Schmeddes, President and Chief Operating Officer, ICE Futures Singapore and ICE Clear Singapore. “We are seeing increased interest from Taiwan and are working closely with the FCM community to serve investors in the Taiwanese market and beyond across our commodity and financial markets.”
ICE has had a presence in Singapore since 2000 serving customers in the global energy markets. In 2015, ICE set up ICE Futures Singapore, an approved exchange under the oversight of the Monetary Authority of Singapore (MAS). Over recent years, Asia-based trading activity in ICE’s benchmark commodity and interest rate products has been rising as the region assumes a greater role in global derivatives markets.