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Phillip Futures now in Penang

Phillip Futures Sdn Bhd broadens business with third branch opened within a year, aims to tap on opportunities in Penang

Phillip Futures Sdn Bhd (“Phillip Futures”), member of the PhillipCapital Group (“the Group”), announces the opening of its new branch in Penang, Malaysia. The new Penang branch is located at No 29A, Ground Floor, Suite 2, Beach Street, 10300 Penang. 

This is the third branch that Phillip Futures has opened within a year. Earlier this year, Phillip Futures saw the opening of two branches - Taman Molek and Sutera Utama in Johor Bahru, Malaysia. With the new branch, Penang clients are able to enjoy the proximity of being served within their vicinity and Phillip Futures looks forward to bringing its products and services to local customers and businesses in the area.

Explaining why Phillip Futures chose Penang as the new branch’s location, Mr Teyu Che Chern, Chief Executive Officer (“CEO”) of Phillip Futures said, “Penang has always been known for its vibrant economic development and competent workforce. With human capital and excellent infrastructure, Penang is unique for its economic strength. With a lively community of stock traders, we see opportunities to offer our wide range of products including stock index futures.” 

A Grand Opening ceremony will be held at the new premise on Saturday, 28th September 2013, with the guest of honour Mr Chong Kim Seng, CEO of Bursa Malaysia Derivatives Berhad to deliver   an opening speech.

 Mr Chong Kim Seng, CEO of Bursa Malaysia Derivatives Berhad said “I would like to congratulate Phillip Futures for its expansion. 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 Futures’ third new branch in Penang 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.”

Mr Teyu Che Chern added, “We believe Penang is a place wherein we have tremendous potential to develop the derivatives business, and we are committed to realising our objective of bringing quality investment education to the investors and traders in North Malaysia.”

In celebration of the latest branch opening, customers who open an account at the Penang branch enjoy 10 lots of commission-free trading in all futures products. On top of that, customers will also enjoy low commission of RM8.80 promotion for FKLI and FCPO products.

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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