Futu Holdings Limited (「Futu」 or the 「Company」) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform focusing on global investors, announced that its subsidiary Futu Singapore Pte. Ltd. (「Futu SG」) has received approvals-in-principle for all of five SGX memberships and an Exempt Financial Adviser (EFA) status from the Monetary Authority of Singapore (MAS).

This makes Futu SG not only the first online brokerage in Singapore to receive approvals-in-principle for full trading and clearing memberships for securities and derivatives, but also the pioneer in the industry to achieve all five SGX memberships.

With these SGX memberships, Futu SG is set to be admitted as  Clearing Member of The Central Depository (Pte) Ltd (CDP) and Singapore Exchange Securities Trading Limited (「SGX-ST」), Trading Member of SGX-ST, Trading and Clearing Member of Singapore Exchange Derivatives Trading Limited (「SGX-DT」), and Depository Agent of CDP. 

With the regulatory approvals, the Company is set to be the first full-service digital trading platform in Singapore, offering an enhanced investing and trading experience for both retail as well as institutional investors. The Company has also received the approval to commence business as a EFA in the provision of financial advisory services on investment products, and in issuing or promoting of analyses and reports to them as defined by the FAA. Futu looks forward to ensuring the responsible delivery of such advice and recommendations to its investors.

Having rooted in Hong Kong for the past decade, Futu is now pursuing its internationalization strategy with 17 million global users, and with 50 licenses and memberships (AIP included) obtained from major capital markets worldwide. Looking ahead, Futu is committed to relentlessly driving refinement and innovation across its suite of products and services to meet the evolving needs of its investors and business partners in an increasingly digitalised financial services industry.