Discover

(Redirected from Singapore Stock Exchange)

'Singapore Exchange' Limited (SGX) is the stock exchange in Singapore.
SGX was formed on December 1 1999, following the merger of two established and well-respected financial institutions - the Stock Exchange of Singapore (SES) and the Singapore International Monetary Exchange (SIMEX).
It is the Asia-Pacific's first demutualised and integrated securities and derivatives exchange.
The revenues of Singapore Exchange are mainly from the securities market (72%) and derivatives market (28%).

Contents

Alliances

See also

External link

Alliances

Singapore Exchange already acquired a strategic investment in Bombay Stock Exchange (5%) for US$42.7m. It is consistent with the strategy of building an Asian Gateway for securities and derivatives. A collaboration was also signed with Abu Dhabi Securities Market in order to benefit from the Singapore and United Arab Emirates. Moreover,Tokyo Stock Exchange is looking for some partners in Asia and is currently discussing with Singapore Exchange to develop jointly traded products. Tokyo Stock Exchange (TSE) may even take a major stake in Singapore Exchange. On June 15, 2007, TSE announced that it had purchased a 4.99% stake in SGX for 37.4 billion yen (US$303 million).
After the London Stock Exchange (LSE) rejected a £2.4bn takeover approach from Nasdaq in 2006, LSE showed that it is fighting to retain its independence and preferred to establish an Euro-Asian Gateway for securities and derivatives. LSE is currently collaborating with SGX - calling it a major strategic partner in Asia - and is planning to take a large stake in SGX in the next few months.

See also

★ Companies listed on the Singapore Exchange

★ Straits Times Index

★ Stock Exchange of Singapore (SES)

External link

★ Official SGX site

★ A blog about investing in the Singapore stock market

★ Singapore Stocks and Shares Forum

★ Popular Forum to discuss Singapore Stocks