SINGAPORE: Singapore Exchange Ltd is exploring mergers and acquisitions to drive its ambitions as a multi-asset exchange.
The bourse has operations in place across asset classes and now will concentrate on bolstering them, chief executive officer Loh Boon Chye said in an interview on Wednesday.
That means seeking deals that bulk up the foreign exchange, fixed income, data and capital markets connectivity businesses. SGX had previously set a goal to have the fixed income, currencies and commodities segment, along with data, connectivity and indices, account for 50% of revenue by about 2025.
It may reach that goal before the initial target date, he said.
SINGAPORE (BLOOMBERG) - The Singapore Exchange (SGX) is exploring mergers and acquisitions (M&A) to drive its ambitions as a multi-asset exchange.
The bourse has operations in place across asset classes and will now concentrate on bolstering them, SGX chief executive officer Loh Boon Chye said in an interview on Wednesday (Feb 17). That means seeking deals that bulk up the foreign exchange, fixed income, data and capital markets connectivity businesses.
SGX had previously set a goal to have the fixed income, currencies and commodities segment, along with data, connectivity and indices, double revenues by about 2025. It may reach that goal before the initial target date, he said, adding that the segments combined could account for 50 per cent of revenue by then.
Singapore Exchange Ready to ‘Scale Up’ With Mergers, CEO Says
Bloomberg 2/18/2021 Ishika Mookerjee
(Bloomberg) Singapore Exchange Ltd. is exploring mergers and acquisitions to drive its ambitions as a multi-asset exchange.
The bourse has operations in place across asset classes and now will concentrate on bolstering them, Chief Executive Officer Loh Boon Chye said in an interview on Wednesday. That means seeking deals that bulk up the foreign exchange, fixed income, data and capital markets connectivity businesses. SGX had previously set a goal to have the fixed income, currencies and commodities segment, along with data, connectivity and indices, double revenues by about 2025. It may reach that goal before the initial target date, he said, adding the segments combined could account for 50% of revenue by then.
Feb 18 2021, 1:39 PM
February 18 2021, 8:57 AM
February 18 2021, 1:39 PM
(Bloomberg) Singapore Exchange Ltd. is exploring mergers and acquisitions to drive its ambitions as a multi-asset exchange.
(Bloomberg) Singapore Exchange Ltd. is exploring mergers and acquisitions to drive its ambitions as a multi-asset exchange.
The bourse has operations in place across asset classes and now will concentrate on bolstering them, Chief Executive Officer Loh Boon Chye said in an interview on Wednesday. That means seeking deals that bulk up the foreign exchange, fixed income, data and capital markets connectivity businesses. SGX had previously set a goal to have the fixed income, currencies and commodities segment, along with data, connectivity and indices, double revenues by about 2025. It may reach that goal before the initial target date, he said, adding the segments combined could account for 50% of revenue by then.