Having these additional indices allows our clients to trade the Malaysian and ‘A’ share markets, both of which are very niche and difficult for retail investors to enter till now
Singapore (PRWEB) April 02, 2012
Phillip Securities, Singapore’s most established securities firm, is launching two new World Indices CFD – the FBM KLCI MYR10 CFD and the FTSE China A50 Index USD1 CFD, which correspond to the FTSE Bursa Malaysia KLCI Index and the FTSE China A50 Index respectively.
The FTSE Bursa Malaysia KLCI is Malaysia’s headline index which represents the top 30 Malaysian companies by market capitalization. The FTSE China A50 Index comprises the largest 50 A Share companies listed on the Shanghai and Shenzhen Stock Exchanges by full market capitalization. Both indices adopt FTSE’s award winning methodology which includes free float adjustment and liquidity screens, and are managed in accordance with a clear and transparent set of index rules.
“Having these additional indices allows our clients to trade the Malaysian and "A" share markets, both of which are very niche and difficult for retail investors to enter till now,” said Mr Lee Chang-Wen, Manager of Phillip CFD’s Market Makers, Phillip Securities.
Ms. Jessie Pak, Director, Asia of FTSE Group, said, “FTSE is well recognized for our partnerships with leading exchanges to provide flagship market benchmarks. Our China indices are broadly used by global investors to gain access to this fast growing emerging market. We are delighted to cooperate with Phillip Securities to expand the range of investment opportunities based on FTSE indices.”
Being a leader in financial products, Phillip Securities’ “firsts” include trading of CFDs or Contracts for Difference in 2004 and the launch of Treasury Bills Platform and OTC Trading Platform in 2006. In 1996, Phillip Securities was the first stockbroker in Singapore to introduce online stock trading called POEMS.
For media enquiries, please contact:
Tel: +65 6531 5433 | jeanettekongwc(at)phillip(dot)com(dot)sg
Tel: +65 6531 1234 | melissafannhj(at)phillip(dot)com(dot)sg
For FTSE Group:
Tel: +852 2164 3219
Established in 1975, PhillipCapital is a leading integrated Asian financial institution with network offices around the world, offering a comprehensive suite of innovative financial products and services to retail, institutional and corporate clients. Our comprehensive suite of financial services includes fund management, fixed income, unit trusts, insurance planning, investment research and broking in bonds, securities, futures, foreign exchange, precious metals and commodities. Institutions can also benefit from our corporate finance and advisory services as well as information technology solutions. Today, PhillipCapital operates in the financial hubs of 13 countries – Singapore, Malaysia, Indonesia, Thailand, Hong Kong, China, Japan, Sri Lanka, Turkey, United Kingdom, France, Australia and USA.
For more information, visit http://www.phillip.com.sg
About FTSE Group
FTSE Group (“FTSE”) is a world-leader in the creation and management of indices. With offices in London, Beijing, Dubai, Milan, Mumbai, Hong Kong, New York, Paris, San Francisco, Sydney, Shanghai and Tokyo, FTSE works with investors in 77 countries globally. It calculates and manages a comprehensive range of equity, fixed income, real estate, currency, commodity and non market-cap indices, on both a standard and custom basis. The company has collaborative arrangements with a number of stock exchanges, trade bodies and asset class specialists around the world.
FTSE indices are used extensively by investors world-wide for investment analysis, performance measurement, asset allocation, portfolio hedging and for creating a wide range of index tracking funds. FTSE is an independent company owned by the London Stock Exchange Group.
For more information, visit http://www.ftse.com