IIFL is SGX's first Indian member

The admission of a unit from India Infoline Group to its securities market as a Trading brings the number of Clearing Members for SGX’s securities market to 29 and the number of Trading Members to 30.

The derivatives market has 30 Trading Members and 26 Clearing Members.

Mr Magnus Bocker, CEO of SGX, said, "Today marks an important milestone for SGX as wewelcome IIFL Securities, our first Indian broker, to our securities market. We look forward to IIFL
becoming a conduit providing access to investment opportunities for its customers in Singapore,India and other markets.”

Mr Nirmal Jain, Chairman of India Infoline Group, said, "We are indeed very pleased to receivethe formal approval from Singapore Exchange. We have already begun setting up systems and infrastructure to commence broking services. This formal approval lends further impetus to thecommencement of broking services in Singapore where we aim to leverage upon our research capabilities and effectively cater to global institutional investors.”