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Baltic Exchange new Asia head eyes stronger regional presence
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Angela Tan
Published Sun, Mar 10, 2019 · 09:50 PM
Singapore
MORE than two years since Singapore Exchange (SGX) sealed its £87 million (S$156) purchase of Baltic Exchange, one of London's oldest establishments, the latter is poised for a stronger presence in Asia.
Founded in 1744 as a forum for chartering vessels, the Baltic Exchange produces benchmark indexes for global shipping rates and owns a trading platform for the freight derivatives market. It was bought over by SGX in November 2016.
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