Over 37 per cent of Interactive Brokers' accounts come from Asia, up from 27 per cent in 2017, it said.
Many of the firm's institutional clients, such as variable capital companies, family offices and hedge funds, had wanted to engage a broker licensed by the Monetary Authority of Singapore - a request the firm is now able to meet, according to Mr Friedland. SGX senior managing director of global sales and origination Chew Sutat said the bourse operator has worked closely with the brokerage to promote Singapore markets to international customers.
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Singapore stocks inch up after losing steam; STI rises 0.3% at openSINGAPORE shares struggled to advance in the first few minutes of trade on Wednesday, after the previous day's losses and with a negative lead from Wall Street limiting gains. Read more at The Business Times.
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Singapore stocks advance at Tuesday's open; STI up 0.5%SINGAPORE shares opened stronger on Tuesday, with the benchmark Straits Times Index gaining 13.52 points or 0.5 per cent to 2,703.13 as at 9.01am. Read more at The Business Times.
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