Leipzig/Singapore, 6 May 2025 - European Commodity Clearing (ECC) has welcomed KGI Securities Singapore, the first General Clearing Member (GCM) from Asia-Pacific.
As a GCM, KGI is authorised to provide clearing services for all customers of EEX Group’s clearing house as well as for all products and markets cleared by ECC.
"Becoming the first General Clearing Member from the Asia-Pacific region at ECC marks a significant milestone in KGI Securities Singapore' global strategy,” said Ken Ong, KGI Securities (Singapore) CEO. “This collaboration strengthens our commitment to providing comprehensive clearing solutions and seamlessly connecting our clients to the Global energy and commodity markets. We are proud to partner with ECC and contribute to the increasing interconnectedness of global trading."
Dr Tobias Paulun, CEO of ECC, comments: “The admission of KGI Securities Singapore is an important milestone for ECC, given our increasing focus on the Asia-Pacific region. It also enables us to widen our international network of participants and the availability of services to trading communities.”
With this admission, ECC now connects a total of 32 clearing banks across Europe, North America and the Asia-Pacific region, including 29 GCMs and 3 Direct Clearing Members (DCMs).
Find the press release in English and German in the document below.
About KGI Securities Singapore
KGI is one of the premier securities firms in the Asia Pacific region, with a total asset of over USD 120 billion. KGI provides direct access to online trade execution and clearing services to institutional and professional traders for a wide variety of electronically traded products including stocks, options, futures, commodities, currencies, bonds, gold and funds worldwide.
KGI is headquartered in Taipei, Taiwan and has 5,000+ employees in its 100+ offices across the globe in Hong Kong, Singapore, Shanghai, Thailand, Indonesia and more.
KGI is regulated by the MAS, SFC, FSC, SEC, OJK and other regulatory agencies around the world.
European Commodity Clearing (ECC) is a central clearing house which specialises in energy and commodity products. ECC assumes the counterparty risk and guarantees the physical and financial settlement of transactions, providing security and cross-margining benefits for its customers. As part of EEX Group, ECC provides clearing services for EEX, EEX Asia and EPEX SPOT and for the partner exchanges BSP, HUPX, HUDEX, NOREXECO, SEEPEX and SEMOpx.