Singapore Rolls Out SPAC Listing Rules as Global Scrutiny Rises bloombergquint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloombergquint.com Daily Mail and Mail on Sunday newspapers.
SGX Receives Long-Term Aa2 Rating, The Highest Assigned To Any Exchange Group By Moodyâs Date
05/08/2021
Singapore Exchange (SGX) today announced it has obtained first-time credit ratings from Moody’s Investors Service (Moody’s). Moody’s has assigned to SGX Aa2 long-term local and foreign currency issuer ratings with a stable outlook. The Aa2 rating is the highest credit rating assigned to any exchange group by Moody’s.
Moody’s has highlighted that SGX’s strong profitability, combined with limited financial leverage, contributed to SGX’s high creditworthiness. It also took into account the systemic importance of SGX to Singapore’s financial sector, the strong credit fundamentals of SGX’s central counterparty clearinghouses and the overall robustness of SGX’s governance framework.
Singapore Exchange to acquire currency trading platform for $125m
FILE PHOTO: An SGX sign is pictured at Singapore Stock Exchange July 19, 2017. REUTERS/Edgar Su
July 23, 2021
Singapore Exchange Ltd (SGX) said on Friday it would buy currency trading platform MaxxTrader for $125 million as the bourse operator expands its currency offerings.
With the acquisition, SGX hopes to create a currency platform that will be Asia’s largest venue for international foreign exchange (FX) over-the-counter (OTC) and futures participants, the company said in a statement.
Founded in 2008, MaxxTrader has more than 100 banks, broker-dealers and hedge funds connected to its platform, with an average daily volume of $17 billion as of June-end, SGX said.
Temasek s Vertex Weighs Singapore s First SPAC Listing bloombergquint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloombergquint.com Daily Mail and Mail on Sunday newspapers.