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Mizuho Securities USA joins SGX as first remote derivatives clearing member

There are now 27 derivatives clearing members.

Mizuho Securities USA has become the SGX’s first remote clearing member, following the exchange’s move to launch a new membership class for international clearing clients to access SGX platform from their home jurisdictions.

The remote membership enables brokers, registered with the CFTC, to clear swaps for US customers through SGX’s Derivatives Clearing House. It also allows SGX to admit overseas-based clearing brokers, who do not need a Singapore presence, to become a clearing member.

The admission of Mizuho Securities USA brings the number of SGX Derivatives Clearing Members to 27. In addition, there are 11 Clearing Members for the clearing of OTC-traded financial derivatives and 47 Derivatives Trading Members. The securities market also has 26 Trading and 26 Clearing Members. 

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