Link: https://links.sgx.com/1.0.0/corporate-announcements/Y0OMZ78BTF8RR4MO/c7ac9a6d46663a8e47901e6d9addd31a57e104a14cdb8783d5ac3cbca9462082

Summary:

• iFAST Corporation Ltd. announced that its US subsidiary, iFAST Securities US Corporation, has received key approvals.
• iFAST Securities US is now a Participant of The Depository Trust Company (DTC).
• It has also become a Self-Clearing Member of the National Securities Clearing Corporation (NSCC).
• Both DTC and NSCC are subsidiaries of The Depository Trust & Clearing Corporation (DTCC).
• These approvals follow successful registration with the US SEC and FINRA.
• As a self-clearing broker-dealer, iFAST Securities US will directly access US exchanges for trade routing.
• This will allow the iFAST Group to hold custody of US securities internally.
• This development is expected to enhance cost and operational efficiency for the Group.