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Phillip Futures expansion makes headway with new branch in Sutera, JB

PhillipCapital Group plants another flag in South East Asia with the opening of new Phillip Futures Sdn Bhd branch in Johor Bahru, Malaysia, signifying key step in development of derivatives industry.

With presence in 16 countries worldwide, the PhillipCapital Group (the Group) continues to expand itself in the global derivatives broking industry.  Phillip Futures Sdn Bhd (Phillip Futures), member of the Group, takes another step forward in its expansion plans with the opening of a new branch in Johor Bahru, Malaysia.

Bursa Malaysia Berhad granted its approval to Phillip Futures on 19 June 2013, allowing the broker to operate a second branch office in Sutera Utama, Johor Bahru. This follows the establishment of Phillip Futures first branch in Taman Molek, Johor Bahru two months ago and is a sign that the company is quickly expanding to meet the needs of derivatives traders in the country. Johor Bahru clients will nowenjoy the proximity of being served within their vicinity, in addition to the Phillip Futures headquarters in Kuala Lumpur.

Located at No. 9A, Jalan Sutera Tanjung 8/2, Taman Sutera Utama, 81300 Skudai, Johor Darul Takzim, Phillip Futures new branch offers broking services across a wide range of derivatives contracts including stock index, metals, energy and agricultural commodities.

Mr Teyu Che Chern, CEO of Phillip Futures said, “With two branches in Johor Bahru and more to come, Phillip Futures is carrying out its plan to continue growing and expanding in Malaysia. We are meeting our objectives of bringing global financial markets’ access to the local community, and sharing financial education through free seminars.”

“The number and frequency of seminars conducted across the country in Johor Bahru, Kuala Lumpur, Penang, Malacca and East Malaysia have increased”, he added.

Congratulating Phillip Futures on the expansion, Mr Chong Kim Seng, CEO of Bursa Malaysia Derivatives Berhad said “The growth and development of the derivatives industry is encouraging. I believe there are tremendous opportunities to promote and capture the interest, desire and motivation to trade derivatives. Phillip Futuressecond new branch in Sutera Utama is a key step for Phillip Futures to expand its reach and to promote derivatives trading throughout Malaysia. Together, we hope to attract new clients and pave the way for greater retail participation in the derivatives market.”

A Grand Opening ceremony will be held on Saturday, 6 July 2013 at Phillip Futures Sutera Utama branch and Mr Chong will officiate the occasion as Guest of Honour. He will give an opening speech regarding the establishment of Phillip Futures second new branch and how this is a milestone for the derivatives industry. The Grand Opening will also be graced by representatives from global exchange partners which include Bursa Malaysia Derivatives, Singapore Exchange, Chicago Mercantile Exchange, EUREX and NYSE Liffe.

Besides its strong foothold in Malaysia, the Group operates in the financial hubs of 16 countries, with offices in the United States, Middle East, Australia and Asia and holds clearing memberships in 24 exchanges globally.

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