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Analysts mostly positive on SGX's acquisition of BidFX

Cloud-based platform will be a 'potential growth driver' for SGX, they say

Vivienne Tay

Vivienne Tay

Published Tue, Jun 30, 2020 · 09:50 PM

Singapore

THE Singapore Exchange's (SGX) announcement that it plans to acquire foreign exchange (FX) trading platform BidFX has been received positively by several analysts, based on research notes published on Tuesday.

CGS-CIMB upgraded its call on SGX to "hold" from "reduce" following the announcement, while analysts from RHB and DBS Group Research have maintained their calls of "buy" and "fully valued" respectively.

All three analysts kept their target prices unchanged. RHB's …

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