Shipbroker Simpson Spence Young (SSY)'s derivatives broking subsidiary SSY Futures is growing its Asian market share in a deal with Green Tiger Markets.

The company said it will act as exclusive broker to Green Tiger's over-the-counter electricity trading platform in the Philippines and Singapore.

SSY called this a "fast-growing" area.

"SSY Futures is committed to developing these markets and continues to expand its global energy brokerage business into new and exciting markets, leveraging its position as the number one broker in Japanese and Singaporean electricity futures," the company added.