Singapore Exchange said Wednesday ADM Investor Services Singapore (ADMIS SG) has become a trading and clearing member of the derivatives market, bringing the exchange’s total to 63 trading members and 25 clearing members.
“We are delighted to welcome ADMIS SG,” Chew Sutat, head of global sales and origination at SGX, said in the statement. “With their solid and deep experience in commodities, we are excited to work with them to grow and expand our own suite of commodity contracts.”
Willy Cahyadi, managing director of ADMIS SG, said becoming an SGX member showed the company’s long-term committment to Singapore and the Asia Pacific region.
“ADMIS SG will continue to broaden its client offerings and extend its reach through the exchange memberships of SGX,” Cahyadi said in the statement.
ADMIS SG is a wholly owned subsidiary of ADMIS Holding and an indirect wholly owned subsidiary of Archer Daniels Midland (ADM), the filing said.