SINGAPORE--(BUSINESS WIRE)--Intercontinental Exchange (NYSE:ICE), a leading operator of global network of exchanges and clearing houses and provider of global data and listing services, today announced that SinoPac has been approved as a member of ICE Futures Singapore, effective immediately.
SinoPac Futures Corporation, a subsidiary of SinoPac Holdings, was founded in 1994 and specializes in conducting futures transactions for both itself and its clients.
“With this new membership to ICE Futures Singapore exchange, we are now able to further expand our business in Asia and consolidate our position as a leading trading company in Taiwan,“ said Huang-Chi Yeh, Chairperson of SinoPac Futures Corporation. “Furthermore, by working with ICE Singapore, we would envision a great future which will benefit our customers participating in the market.”
“We are pleased to welcome SinoPac as a member of ICE Futures Singapore,” said Lucas Schmeddes, President and Chief Operating Officer, ICE Futures Singapore and ICE Clear Singapore. “We are seeing increased interest from Taiwan and are working closely with the FCM community to serve investors in the Taiwanese market and beyond across our commodity and financial markets.”
ICE has had a presence in Singapore since 2000 serving customers in the global energy markets. In 2015, ICE set up ICE Futures Singapore, an approved exchange under the oversight of the Monetary Authority of Singapore (MAS). Over recent years, Asia-based trading activity in ICE's benchmark commodity and interest rate products has been rising as the region assumes a greater role in global derivatives markets.
About Intercontinental Exchange
Intercontinental Exchange (NYSE:ICE) is a Fortune 500 company that operates a leading network of global futures, equity and equity options exchanges, as well as global clearing and data services across financial and commodity markets. The New York Stock Exchange is the world leader in capital raising, listings and equities trading.
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Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2016, as filed with the SEC on February 7, 2017.
About SinoPac Holdings
SinoPac Holdings a prestigious financial holding company based in Taiwan, holds a net worth of over US$4.40 billion, and consists of subsidiaries in a wide range of financial services including banking, securities, investment trusts, call center, insurance broking, leasing and venture capital.
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