SGX delays clearing fee cut, woos market makers

[SINGAPORE] Investors will have to wait another month to enjoy reduced clearing fees on the Singapore Exchange (SGX) as the market operator talks to potential market makers.

SGX will delay the proposed changes to its fee structure to June 1 from May 2, so that the industry has more time to prepare, SGX announced yesterday.

SGX also hopes to sign on eight to 10 potential market makers and 15 to 20 possible liquidity providers, who could stand to benefit from rebates and discounts that will be introduced.