Futu Receives Approvals-in-principle for All SGX Memberships

Futu Holdings Limited, a tech-driven online brokerage and wealth management platform, announced that its Singapore subsidiary, Futu Singapore Pte. Ltd., has received the in-principle approvals to be admitted as a Depository Agent of The Central Depository (Pte) Limited (CDP), a Trading Member of Singapore Exchange Securities Trading Limited (SGX-ST) and Singapore Exchange Derivatives Trading Limited (SGX-DT), and a Clearing Member of The Central Depository (Pte) Limited (CDP), Singapore Exchange Securities Clearing Limited (SGX-SC) and Singapore Exchange Derivatives Clearing Limited (SGX-DC). Singapore Pte. Ltd. has also received an Exempt Financial Adviser (EFA) status from the Monetary Authority of Singapore (MAS).

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After formal admission into the aforementioned memberships, Futu Singapore Pte. Ltd. expects to provide relevant trading, clearing, and investment advisory services in Singapore. By leveraging its premier products and services, the Company looks forward to further strengthening its presence in the Singapore market.

Futu Holdings Limited (Nasdaq: FUTU) is an advanced technology company transforming the investing experience by offering a fully digitized brokerage and wealth management platform. The Company provides investing services through its proprietary digital platform, Futubull and moomoo, each a highly integrated application accessible through any mobile device, tablet or desktop. The Company's primary fee-generating services include trade execution and margin financing which allow its clients to trade securities, such as stocks, warrants, options, futures and exchange-traded funds, or ETFs, across different markets. Futu has also embedded social media tools to create a network centered around its users and provide connectivity to users, investors, companies, analysts, media and key opinion leaders.

Source: Global Newswire