SGX to launch bond trading platform
Targeted for rollout by mid-2015, it will initially include Asian corporate bonds in G-3 currencies, followed by Asian currencies
Singapore
SINGAPORE Exchange plans to roll out a bond trading platform by mid next year which will initially include Asian corporate bonds in G-3 currencies, followed by Asian currencies.
Towards this end, it has formed a new subsidiary SGX Bond Trading to drive this initiative - the first of its kind focused on Asian bonds.
The new platform hopes to become an Asian Liquidity Centre for both high-yield and investment-grade corporate bonds, said SGX in a statement.
"SGX believes that in the long term, the Asian fixed income markets are poised for strong growth, given the region's growing infrastructure needs and investor demand for steady, long-term returns," said…
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