KGI FUTURES (SINGAPORE) PTE. LTD.
Ong First Tradition Pte. Ltd. (“Ong First Tradition”), a leading Singapore futures broker with a rich heritage as the first futures brokerage in Singapore and a pioneer clearing Member of the Singapore Exchange – Derivatives Trading (SGX-DT), entered into a strategic M&A with KGI Securities Co. Ltd. (KGI Securities), a wholly-owned subsidiary of Taiwan Stock Exchange (TWSE)-listed China Development Financial Holding Corporation and the second largest securities company in Taiwan, to form KGI Futures (Singapore) Pte. Ltd. This strategic transaction will see the emergence of a new force in Singapore’s financial services market, capable of offering a wide range of financial services including securities, futures, derivatives, foreign exchange as well as wealth management and corporate finance solutions.