The securities market is in focus today as we speak to one of the founding clearing members of the Singapore Exchange Derivatives Trading or (SGX-DT). 

Inaugurated some 40 years ago in 1983 as Phillip Futures, our guest for today is multi-asset broker Phillip Nova. 

As a member of the PhillipCapital Group, the company has grown over the years and now prides itself as one of the region’s top brokers for the trading of CFD, Forex, Futures and Stocks. 

It also taps PhillipCapital Group’s network companies to access exchanges around the world, including the Singapore Exchange, the Hong Kong Exchange, the Japanese Exchange Group, the New York Mercantile Exchange, the COMEX and more. 

The company was rebranded in Phillip Nova in 2022 after the firm received its own securities brokerage licence to broaden its service offerings. 

Its CEO had said then that the rebranding initiative was meant to reflect the brokerage’s expanded suite of offerings ranging across five asset classes namely: stocks, futures, forex, commodities and CFDs. 

But Phillip Nova is an interesting company to talk about not just because of the rebranding initiative, but also because of the markets it is eyeing on in a bid to drive growth. 

For one thing, the firm had in March this year offered the trading of Istanbul-quoted futures. 

Representatives of its parent company, PhillipCapital had also met up with the senior management team of the regulator of financial services in the Republic of Kazakhstan, on the sidelines of the Kazakhstan-Singapore Business Forum that took place in May last year. 

But what are the opportunities in these markets, and how will Phillip Nova partner up with industry players to deepen its stock trading links in order to penetrate into these relatively untapped markets?

On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Teyu Che Chern, CEO, Phillip Nova.