Baltic buy will boost market development: SGX

Singapore

THE combination of the Singapore Exchange (SGX) and the Baltic Exchange will create a clearing house in Asia that is neutral about market share, removing a structural hurdle to the development and adoption of new indices and products, key SGX executives told reporters on Friday.

"There was always this reluctance between all the exchanges to say, who wants to be the first to do this difficult task of investing in marketing with no visibility on returns?" SGX head of derivatives Mike Syn said. "And this in a way has been what's led to a relatively low level of education and a relatively low traction and adoption.