SGX's multi-asset strategy silences its sceptics

IN the last couple of years, Singapore Exchange (SGX) chief executive officer Loh Boon Chye has doggedly pitched his vision of a multi-asset, multi-purpose and borderless exchange.

He failed to convince many.

Sceptics thought his idea was no more than a rather clever distraction tactic by the exchange, just when its traditional cash equities business was floundering and rivals were nipping at its heels.