SINGAPORE futures broker Ong First Tradition Pte Ltd has tied up with Taiwan's second-largest securities company KGI Securities Co Ltd, to form KGI Ong Capital Pte Ltd.

The new entity will be able to offer a range of financial services including securities, futures, derivatives, foreign exchange, wealth management and corporate finance solutions. Its formation is subject to approvals from the relevant regulatory authorities.

Foong Hock Meng, director of KGI Securities Singapore, said: "The transformational development will bring about the best of both worlds, combining KGI's financial strengths with Ong First Tradition's wide distribution network and extensive regional clientele in Singapore's futures and options markets.