Webull Securities
Singapore’s subsidiary has selected CQG to power its new futures
trading operation, connecting the Asia-based brokerage to global
derivatives markets through the Denver firm’s order routing and risk
management infrastructure.
Webull Taps CQG for
Singapore Futures Rollout
The deal
adds Singapore to a growing list of Webull Corporation’s Asia-Pacific
units running on CQG technology. Webull Hong Kong and Webull Malaysia
began using CQG systems in 2023, creating a common technology backbone
across three regional markets where the U.S.-listed broker
operates.
“Given
CQG is also partnering with other Webull entities in the Asia-Pacific
region, our integration has been seamless,” Jonathan Man,
CEO of Webull Singapore, said in a statement. The Singapore
unit plans to offer futures alongside its existing equities and
options products.
This is another move by Webull in the region, following last week’s announcement of a partnership with South Korea’s Meritz Financial Group. The agreement marks Webull’s entry into the South Korean market and aims to provide local investors with access to U.S. equity markets.
Three APAC Markets on
Single Platform
CQG
provides direct connectivity to more than 45 exchanges
globally through co-located gateway infrastructure. The technology
handles order routing, pre-trade risk checks and broker
network access for futures commission merchants and retail
brokerages.
Webull
Singapore joins a roster of more than 100 futures brokerage
firms using CQG’s infrastructure. The firm consolidates market data
from 85 sources covering futures, options, fixed income,
foreign exchange and equities.
John Co,
CQG’s managing director for Southeast Asia, described the
multi-market arrangement as proof that retail trading firms can
rely on third-party infrastructure for derivatives
while maintaining proprietary front-end applications.
“This
is a powerful example of how the world’s most successful
retail trading firms are able to rely on CQG’s infrastructure
as the foundation for their futures offerings while leveraging
their own popular trading apps,” he said.
Retail Appetite
Tests Infrastructure
Singapore
hosts an active retail investor base with appetite for
derivatives products. Webull Singapore is regulated by the Monetary
Authority of Singapore and holds a Capital Markets Services
licence under the Securities and Futures Act 2001.
Ben Soong,
CQG president for Asia-Pacific, said the Singapore partnership
reflects demand for futures access among regional investors.
“In Singapore, this is an especially active market
of investors with a growing appetite for futures trading,” Soong
said.
The
arrangement allows Webull to enter the Singapore futures market
without building proprietary order routing and
exchange connectivity. CQG handles the low-latency infrastructure and
multi-exchange connections while Webull manages customer acquisition,
order flow and local regulatory compliance.
Webull
Corporation operates in 14 markets across North America, Asia-Pacific,
Europe and Latin America, serving more than 24 million registered users.
The company trades on Nasdaq under the ticker BULL.
In the meantime, Webull UK is introducing London Stock Exchange-listed shares and exchange-traded funds to its platform, along with a new two-tier account structure. The move is part of the broker’s ongoing efforts to expand its presence in the UK retail investment market.
This article was written by Damian Chmiel at www.financemagnates.com.
Source link
