SGX expects more tie-ups with HKEx

SINGAPORE Exchange's (SGX) opening of a new office in Hong Kong is the "first step" for the Singapore bourse to tie up with Hong Kong Exchanges and Clearing (HKEx), the South China Morning Post (SCMP) reported yesterday.

The two exchanges became partners last December after they signed a memorandum of understanding on cooperation.

On Tuesday, the derivatives trading arm of the SGX, called SGX-DT, officially opened its Hong Kong branch. It will focus on serving customers keen on using SGX-DT's suite of Asian derivative products, including the China A50 futures, to manage risk and to trade.