South Korea's Mirae Asset Securities has made history as the first Korean financial investment firm to join the Singapore Exchange's (SGX) trading membership through its Singapore corporation, Mirae Asset Securities Singapore, according to a statement released on Wednesday.
This milestone move will enable the South Korean financial firm to trade various local financial products listed on SGX on behalf of its clients, furthering its expansion in the Southeast Asian market.
SGX's trading members include global investment banks such as Goldman Sachs, HSBC and others, and Mirae Asset Securities (Singapore) Pte. becomes the 28th member to join. The exchange currently boasts 705 listed companies with a total market capitalization of approximately $700 billion.
"The SGX trading membership would enhance our credibility as a global investment bank and create additional revenue streams through market development, mergers and acquisitions and advisory services," CEO of Mirae Asset Securities Singapore Seong Junyeop said.
The Mirae Asset Group has been actively expanding into the global market by acquiring companies such as US-based Global X, solidifying its position as a global investment bank.
Write to Man-Su Choe at
bebop@hankyung.com
