After the Chess disaster, ASX focuses on rebuilding confidence, while SGX continues investing in its derivatives business. Meanwhile, HKEx mulls data play.
LEADERS TO CONVENE IN QUÉBEC FOR THE CONFERENCE OF MONTREAL streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
SINGAPORE (The Straits Times/Asia News Network): A coalition of some of the world's leading financial institutions launched an Asia-Pacific network and office in Singapore on Wednesday (June 8) with the aim of speeding up regional investment in clean energy, transport and industry as part of global efforts to fight climate change.
ON THE MOVE: Brad Bailey Moves to Clear Street; Drawbridge Adds Strategic Hires tradersmagazine.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tradersmagazine.com Daily Mail and Mail on Sunday newspapers.
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.