SINGAPORE: Singapore Exchange (SGX) and National Stock Exchange (NSE) of India have entered into a formal agreement to cement the key terms for operationalising the NSE IFSC-SGX Connect which will bring together international and Gujarat International Finance Tec-City (GIFT) participants to create a bigger liquidity pool for Nifty products in GIFT City. Both NSE and…
SINGAPORE: Singapore Exchange (SGX), Asia’s leading international multi-asset exchange and FTSE Russell, a global index, data and analytics provider, have signed an agreement to strategically broaden and deepen their long-term partnership to deliver new Asian multi-asset solutions. Building on their long partnership history in Asia and successful track record in existing products, SGX and FTSE…
SINGAPORE: Singapore Exchange (SGX) is pioneering Asia’s first international real estate investment trust (REIT) futures based on indices tracking diverse REITs listed in Singapore, Hong Kong, Malaysia and Thailand, on the back of rising global investor demand for real estate related investment products and trading solutions, a news release said. SGX – Asia’s most diversified…
SINGAPORE: Singapore Exchange (SGX) reported FY2020 net profit of S$472.0 million (S$391.1 million), with revenues of S$1,052.7 million (S$909.8 million). EBITDA stood at S$655.7 million (S$523.5 million), while earnings per share was 44.1 cents (36.5 cents). The Board of Directors has proposed a final quarterly dividend of 8.0 cents per share, payable on 9 October…
SINGAPORE: Singapore Exchange (SGX) released its market statistics for June 2020. Global financial and commodity markets reflected optimism from the reopening of major economies, even as concern that new COVID-19 infections could stymie growth continued to drive demand for risk management. Total securities market turnover value on SGX rose 74% year-on-year (y-o-y) in June to…
SINGAPORE: Singapore Exchange (SGX) launched the third edition of its annual SGX Orb Awards to recognise excellence in financial journalism and content. Continuing the theme of “Connecting Perspectives and Inspiring Conversations,” this year’s special category focuses on the resilience of financial markets amid the COVID-19 pandemic. The coronavirus outbreak has exacerbated a backlash against globalisation,…
SINGAPORE: Since the outbreak of COVID-19, Team Singapore athletes have been adapting their training at home and exploring different ways to learn new skills to maintain their competitive edge and readiness, whether in sports or in life. As part of continuous learning for the athletes to build all-rounded competencies, Singapore Sport Institute (SSI) and Singapore…
SINGAPORE: Singapore Exchange (SGX) is partnering with Ucommune, China’s largest co-working community operator, to share its fundraising knowledge and insights with the community’s global members. The strategic partnership will allow SGX to support Ucommune’s members in understanding equity and debt capital raising as well as tapping international funding via Singapore’s capital markets. The agreement was…
SINGAPORE: Singapore Exchange (SGX) released its market statistics for May 2020. The reopening of economies around the world lifted sentiment in equity markets, even as the COVID-19 pandemic continue to cloud the outlook for global growth. The exchange’s derivatives franchise gained amid increased portfolio demand in foreign exchange (FX) and commodities. Securities daily average value…
SINGAPORE: Singapore Exchange (SGX) reaffirmed its commitment to providing market participants with a single platform to trade and risk-manage Asia across asset classes, as it reduces its licence agreement with MSCI Inc. This comes on the back of a decision between MSCI and SGX to let SGX’s licence agreement with MSCI, other than for MSCI…
SINGAPORE: Singapore Exchange (SGX) has reported 3Q FY2020 net profit of S$137.5 million with revenues of S$295.8 million. EBITDA stood at S$186.2 million, while earnings per share was 12.8 cents. The Board of Directors has declared a dividend of 7.5 cents per share, payable on 13 May 2020. Loh Boon Chye, Chief Executive Officer of…
SINGAPORE: Singapore Exchange (SGX) Monday launched methanol futures and swap contracts to help methanol producers, traders and downstream users manage risk and improve price discovery amid rising demand. The new contracts are cash settled in reference to the S&P Global Platts daily price assessment for methanol. The SGX Platts Methanol CFR China Swap and the…