For SGX, a perfect storm?

ACCORDING to one popular school of thought, the new chief executive officer (CEO) of the Singapore Exchange (SGX) should ideally focus his attention on reviving interest in the local stock market.

Part of the reason for thinking this is a simple alternating progression - SGX's first CEO Tom Kloet laid the foundations for the derivatives side of the business, the second CEO Hsieh Fu Hua developed the equities side, the third boss Magnus Bocker built on Mr Kloet's work by expanding the derivatives business and so new CEO Loh Boon Chye should logically concentrate his energies on expanding on Mr Hsieh's work in the equities segment.

In short, it has been derivatives followed by equities followed by derivatives so far since SGX was formed, and so logically it should be equities next.