SINGAPORE: Singapore Exchange (SGX) is accelerating its SGX FIRST sustainability agenda with the launch of its pioneering suite of ESG derivatives, a news release said. SGX developed the new contracts in partnership with FTSE Russell to offer investors more choice in promoting the integration of Environment, Social and Governance (ESG) factors into institutional investment portfolios…
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Singapore Exchange reports 1H FY2021 net profit of S$228 million
SINGAPORE: Singapore Exchange (SGX) reported 1H FY2021 adjusted net profit of S$228.0 million (S$213.9 million), with revenues of S$520.8 million (S$478.5 million). Adjusted EBITDA stood at S$321.2 million (S$298.8 million), while adjusted earnings per share was 21.3 cents (20.0 cents). Moving forward, to better reflect its underlying operating performance, SGX will disclose additional financial measures,…
Lion-OCBC Securities Hang Seng TECH ETF lists on Singapore Exchange
SINGAPORE: Singapore Exchange (SGX) has welcomed the listing of Lion-OCBC Securities Hang Seng TECH ETF with assets under management of S$64 million, providing efficient access to the fastest-growing Chinese technology companies as retail demand for exchange-traded funds (ETFs) reaches a new high. The Lion-OCBC Securities Hang Seng TECH ETF is the second ETF listing by…
China Development Bank (CDB) lists onshore RMB bonds on Singapore Exchange
SINGAPORE: Singapore Exchange (SGX) has welcomed the onshore bond listings of China Development Bank (CDB), marking the first time that China onshore RMB bonds are being listed on the exchange. China Development Bank (CDB) is the world’s largest development finance institution, and China’s largest bank specialising in medium- to long-term lending and bond issuance. Since…
Singapore Exchange named Asia’s Best FX Exchange
SINGAPORE: Singapore Exchange (SGX) is named “Best FX Exchange in Asia” at the FX Markets Asia Awards 2020, a news release said. The award, based on votes by foreign exchange (FX) and money market professionals, recognises the exchange which has demonstrated the ability to offer market participants cost efficiencies and new solutions as well as…
New Zealand Exchange and Singapore Exchange to explore global dairy derivatives partnership
WELLINGTON: New Zealand’s Exchange (NZX) and Singapore Exchange (SGX) have today signed a Heads of Agreement in relation to a global partnership to grow NZX’s dairy derivatives market together, a news release said. The non-binding agreement signed between both exchanges will explore the listing of NZX’s suite of dairy derivatives contracts on SGX’s trading and…
Singapore Exchange rolls out S$5mn care package to provide support amid COVID-19
SINGAPORE: As part of broader efforts to reinforce Singapore’s resilience as global marketplace, Singapore Exchange (SGX) has rolled out S$5 million care package to provide support and relief measures amid the COVID-19 outbreak. To be given out over a period of 12 months, the SGX Care Package comprises a S$1.5 million contribution to national healthcare-support…
SGX RegCo uses AI to enhance surveillance activities
SINGAPORE: Singapore Exchange Regulation (SGX RegCo) is making its surveillance and regulation of the securities market more targeted and effective with the application of artificial intelligence (AI) enhancements to its real-time monitoring system. The introduction of AI can help to better isolate unusual activity, by learning from historical trading patterns and filtering out noise caused…