SGX to 'invest strategically' to boost fixed income business
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Singaporeans can now buy record amount of yen per Singdollar
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
StarHub hands Ensign InfoSecurity control back to Temasek in S$115 million deal, books S$200 million gain
