IntercontinentalExchange Names First 3 Clearing Members For ICE Clear Singapore

(RTTNews) - Global markets operator IntercontinentalExchange, Inc. (ICE) announced that KGI Ong Capital Pte. Ltd., Phillip Futures Pte Ltd and UOB Bullion and Futures Ltd. have been approved as the first three clearing members for ICE Clear Singapore.

ICE Futures Singapore and ICE Clear Singapore have received all regulatory approvals from the Monetary Authority of Singapore (MAS).

ICE has had a presence in Singapore since 2000 serving customers in the global energy markets.

The establishment of ICE Futures Singapore and ICE Clear Singapore will support an expanded customer base and the further development of the derivatives markets in Asia with a local exchange and clearing presence.