CGS-CIMB Company Overview

Founding Date and Background

CGS-CIMB Securities is a prominent financial services provider in Asia, established through a joint venture between CIMB Group and China Galaxy International Financial Holdings. The company was founded on June 10, 1987, under the name G.K. Goh (Stockbrokers) Pte Ltd. It has since evolved into a significant player in the financial brokerage industry, offering a comprehensive range of investment services.

Parent Company/Owership Structure

CGS-CIMB operates as a 50-50 joint venture, with CIMB Group, a leading ASEAN universal bank, and China Galaxy International Financial Holdings, a subsidiary of China Galaxy Securities Co. Ltd., as its principal stakeholders. This ownership structure allows CGS-CIMB to leverage the strengths of both parent companies, enhancing its service offerings and market reach.

Headquarters Location

The company's headquarters is located at 10 Marina Boulevard, #10-01 Marina Bay Financial Centre, Singapore 018983. This strategic location positions CGS-CIMB in one of Asia's financial hubs, facilitating access to regional and global markets.

Global Business Scope

CGS-CIMB operates across multiple countries, providing services in over 20 markets worldwide. The company offers a diverse range of financial products, including equities, fixed income, and derivatives, catering to both retail and institutional clients.

Main Regulatory Bodies

CGS-CIMB is regulated by several financial authorities, including the Monetary Authority of Singapore (MAS) for its operations in Singapore. The company adheres to the regulatory frameworks of the various countries in which it operates, ensuring compliance with local laws and standards.

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Company History and Development

Key Milestones

• 1987: Establishment of G.K. Goh (Stockbrokers) Pte Ltd.
• 2008: Rebranding to CGS-CIMB Securities following the joint venture agreement.
• 2012: Expansion into India with the incorporation of CGS-CIMB Securities (India) Private Limited.
• 2023: Continued growth and innovation in trading services and technology.

Business Expansion Journey

CGS-CIMB has experienced significant growth since its inception, expanding its footprint from Singapore to various countries in Southeast Asia and beyond. The company has strategically entered new markets, such as India and Indonesia, to tap into emerging opportunities in the financial services sector.

Customer Base Growth

Over the years, CGS-CIMB has successfully built a diverse customer base, including retail investors, high-net-worth individuals, and institutional clients. The company's commitment to providing quality research and personalized services has contributed to its strong reputation and customer loyalty.

Platform Development History

CGS-CIMB has invested heavily in technology to enhance its trading platforms, offering users access to advanced trading tools and resources. The introduction of the CGS-CIMB iTrade platform has been a significant development, allowing clients to trade across multiple asset classes seamlessly.

Important Awards or Recognitions Received

CGS-CIMB has received numerous accolades for its excellence in service and innovation. The company has been recognized as one of the top brokerage firms in Singapore and has received awards for its research capabilities and customer service standards.

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Trading Services Offered

Forex Trading Options

CGS-CIMB provides a robust forex trading platform, offering over 25 currency pairs for trading. This includes major pairs, minor pairs, and exotic currency pairs, allowing traders to capitalize on global currency fluctuations.

Stock Trading Options

The company facilitates stock trading across various exchanges, including the Singapore Stock Exchange (SGX) and other regional markets. Clients have access to a wide range of equities, enabling them to build diversified portfolios.

CFD Trading Products

CGS-CIMB offers Contracts for Difference (CFDs) on various financial instruments, allowing clients to speculate on price movements without owning the underlying assets. This includes CFDs on stocks, commodities, and indices, providing traders with flexible trading options.

Other Financial Instruments

In addition to forex and stocks, CGS-CIMB provides access to a variety of financial instruments, including:

• Cryptocurrencies: Limited access to major cryptocurrencies.
• Commodities: Trading options on precious metals, energy, and agricultural products.
• Exchange-Traded Funds (ETFs): A selection of ETFs covering diverse sectors and markets.

Special Services or Unique Advantages

CGS-CIMB distinguishes itself through its award-winning research and analytics capabilities, providing clients with valuable insights and market intelligence. The company also offers a user-friendly trading interface, comprehensive educational resources, and dedicated customer support.

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Regulatory and Legal Background

Detailed Regulatory Information

CGS-CIMB is subject to the regulations of multiple financial authorities, including:

• Monetary Authority of Singapore (MAS)
• Securities and Exchange Board of India (SEBI)
• Financial Services Authority (OJK) in Indonesia

Legal Entity Structure by Region

• Singapore: CGS-CIMB Securities (Singapore) Pte. Ltd.
• India: CGS-CIMB Securities (India) Private Limited
• Indonesia: PT CGS-CIMB Sekuritas Indonesia

Client Fund Protection Measures

CGS-CIMB adheres to stringent client fund protection measures, including segregation of client funds from the company's operational funds. The company also participates in investor compensation schemes where applicable, ensuring clients' investments are safeguarded.

Countries/Regions Served

CGS-CIMB operates in several countries, including:

• Singapore
• India
• Indonesia
• Malaysia
• Thailand
• Hong Kong

Compliance History

The company has maintained a strong compliance record, adhering to the regulatory requirements set forth by the authorities in each region. CGS-CIMB actively engages in compliance audits and risk assessments to ensure ongoing adherence to legal standards.

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Competitive Landscape

3-5 Main Competitors

1. DBS Vickers Securities: A key player in Singapore's brokerage market, offering a wide range of financial services.
2. OCBC Securities: A subsidiary of OCBC Bank, providing investment and trading services in Singapore and beyond.
3. Maybank Kim Eng: A comprehensive financial services provider with a strong presence in Southeast Asia.
4. Phillip Securities: A well-established brokerage firm in Singapore, offering diverse trading options and research services.

Positioning in the Industry

CGS-CIMB is positioned as a leading brokerage firm in Asia, known for its research capabilities and comprehensive trading services. The company's joint venture structure allows it to leverage the strengths of both CIMB Group and China Galaxy, enhancing its competitive edge.

Market Differentiation Factors

CGS-CIMB differentiates itself through:

• Comprehensive Research: Award-winning research and analytics that provide clients with actionable insights.
• Diverse Product Offerings: A wide range of financial instruments, including forex, stocks, and CFDs.
• User-Friendly Platforms: Advanced trading platforms that cater to both novice and experienced traders.
• Strong Customer Support: Dedicated customer service teams providing assistance across various channels.

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In conclusion, CGS-CIMB stands out as a reputable and innovative brokerage firm in the Asian financial landscape. With a strong foundation, diverse product offerings, and a commitment to customer service, CGS-CIMB continues to grow and adapt to the evolving financial market. For those looking to learn more about CGS-CIMB and its services, further exploration of their offerings is highly encouraged.