Projecting the Baltic into Asia and more
It has been just over a year since the Singapore Exchange acquired the Baltic Exchange. Baltic Briefing meets SGX executive vice-president and head of derivatives Michael Syn and Baltic CEO Mark Jackson to discuss the progress so far.
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THERE is no magic formula to making a success of a company acquisition. A willingness on the part of both parties to learn from each other is always critical. Seven thousand miles might separate the Baltic Exchange and Singapore Exchange (SGX), but meeting around a table in London with Baltic CEO Mark Jackson and SGX executive vice-president Michael Syn, it's clear that there is little distance between the two organisations.
"We're learning exactly why the Baltic Exchange has such a seasoned relationship with market participants, how it builds consensus and why it's perceived as such a fair and trusted actor in global commerce," says Mr Syn. "These are important lessons for SGX to learn."
From the Baltic's perspective, Mr Jackson says that it is SGX's regulatory experience which is adding a huge amount of value to the quality of its freight indices and assessments.
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