CHICAGO, July 29, 2014 /PRNewswire/ -- Phillip Futures Inc., a member of the Singapore-based PhillipCapital Group, is proud to announce it is now a clearing member of ICE Futures US. Debuting in Chicago in 2010, Phillip Futures is currently a clearing member of CME, CBOT, NYMEX, COMEX, NYSE-LIFFE, CFE, and recently also added Dubai Mercantile Exchange (DME) to the list. The FCM provides access to worldwide exchanges and through the PhillipCapital Group network; it offers direct clearing to 18 Asian exchanges including Singapore Exchange (SGX) and Tokyo Commodity Exchange (TOCOM.)
The second largest futures exchange in the U.S, ICE Futures U.S. contracts are cleared through ICE Clear U.S. It is home to global soft commodity contracts including the benchmark Sugar No. 11, Cotton No. 2, Coffee "C" and Cocoa, as well as cash settled grains and oilseeds. ICE Futures U.S. is also the exclusive market for Russell U.S. equity indexes, including futures and options on the Russell 2000 and Russell 1000 indexes and home to the US Dollar Index futures and options, along with 60 currency futures contracts.
Lynette Lim, CEO and Director of Phillip Futures, said: "Since we began in 2010, Phillip Futures continues to grow and we are pleased to be able to offer our customers a broad range of North American natural gas and power, agricultural commodities and equity index futures and options contracts via ICE Futures US now."
2014 is shaping up to be an exciting year for Phillip Futures. In addition to gaining memberships at ICE Futures US and DME, Phillip Futures also received National Futures Association (NFA) approval to become a forex dealer member (FDM) and forex firm in June. The firm is expected to launch its OTC forex offering to customers beginning the fall of 2014.
About Phillip Futures Inc.
Established as a Chicago-based futures commission merchant (FCM) in 2010, Phillip Futures Inc. (http://www.phillipusa.com) is a member of the Singapore-based PhillipCapital (http://www.phillip.com.sg/) with full clearing memberships on five derivative exchanges in the U.S. including CME Group, NYSE Liffe US, CFE, ICE US and DME. Through PhillipCapital, Phillip Futures Inc. offers access to more than 20 derivative exchanges in Asia. In the United States, Phillip Futures has one of the most comprehensive offerings of direct market access to Asia futures markets, including SGX, OSE, TOCOM and BMD.
Since 1975, the PhillipCapital network has grown into an integrated Asian financial house with a global presence that offers a full range of quality and innovative services to retail and high net worth individuals, family offices, corporate and institutional customers.
Our comprehensive suite of financial products and services includes broking in securities, futures, foreign exchange, bonds, precious metals and commodities, unit trusts, contracts for difference, exchange traded funds; fund management, managed accounts, insurance planning, regular savings plan, investment research, equity financing and property consultancy. Institutions can also benefit from our corporate finance and advisory services as well as information technology solutions.
With more than 3,500 employees and over 900,000 clients worldwide, our assets under management totals to more than USD 24 Billion with shareholders' funds in excess of USD 1 Billion.
PhillipCapital operates in the financial hubs of 16 countries, including offices in USA, UK, Japan, Hong Kong, Singapore, Malaysia, China, India, Indonesia, Thailand, Cambodia, Sri Lanka, UAE, France, Turkey and Australia.
SOURCE Phillip Futures Inc.