SGX to 'invest strategically' to boost fixed income business
SINGAPORE Exchange (SGX) will look to "invest strategically" to grow its fixed income business, chief executive Loh Boon Chye told shareholders at the market operator's annual general meeting on Thursday morning.
He made the comments while identifying fixed income and foreign exchange (FX) as key parts of a strategy to grow across asset classes.
Mr Loh said that in fixed income, SGX will seek to increase distribution in overseas offices and to invest strategically in opportunities for growth.
The FX asset class will be marketed as a complementary risk hedging or margin offsetting instrument, he said. SGX currently offers 21 currency futures contracts.
The two areas were chosen based on the size of the potential market, the existing ecosystem in Singapore and SGX's existing infrastructure, he said.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
ARA H-Trust to sell 2 Hyatt House hotels for US$31 million
Stocks to watch: Frasers Hospitality Trust, AEM, ARA H-Trust, Mermaid Maritime
Frasers Hospitality Trust H1 DPS falls 13.7% to S$0.01091 on higher finance costs
Manulife profit beats on growth in Asia, wealth management
Hong Kong woos Saudi money in attempt to revive stock market
AMC reports first-quarter loss with fewer studio film releases