SGX Profits jump in Q1 ( TV Clip)

Mr Loh Boon Chye, chief executive officer of SGX, said in a statement that record trading activity in the local bourse’s key foreign exchange (FX) futures contracts and traction in its fixed income business reaffirmed its diversification strategy into those asset classes.

“Looking ahead, we expect the momentum in market activity to continue and return to higher levels of past years. We have made considerable progress in delivering on our priorities,” he said.

“Just last week, we opened our United States office in Chicago and signed a collaborative listings agreement with Nasdaq. These are part of our efforts to grow a global client base and increase international participation across asset classes in our markets. We are seeking opportunities to collaborate with other exchanges to expand our businesses, as well as evaluating investments and partnerships to grow our FX, fixed income and commodities businesses.”

Mr Stephen Innes, head of trading (APAC) at OANDA, said SGX’s recent steps to boost its appeal as a listing destination is a good one that allows the bourse to expand its global client base and attract Asian tech firms.

“Teaming up with Nasdaq encourages broader asset classes to be available to local investors. SGX branding themselves with other exchanges opens it up to a broader base of clients and investors and allowing them to recognize and invest in Singapore companies. It is definitely moving in the right direction.”

Channel News Asia TV Clip

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Stephen Innes

Stephen Innes

Head of Trading APAC at OANDA
Stephen has over 25 years of experience in the financial markets and currently based in Singapore as the Head of Trading Asia Pacific with OANDA. Stephen's market views focus on the movement of G-10 and ASEAN Currencies. His views appear in Bloomberg, CNBC.Reuters, New York Times WSJ and the Economist. His media appearances include Bloomberg TV & Radio, BBC International, Sky TV, Channel News Asia, ASTRO AWANI and BFM Malaysia. Stephen has an extensive trading experience in Spot and Forward FX, Currency and Interest Rate Futures, Money Market Derivatives and Precious Metals. Before joining OANDA, he worked with organisations like Nat West, Chemical Bank, Garvin Guy Butler, and Sumitomo Mitsui Banking Corporation. Stephen was born in Glasgow, Scotland, and holds a Degree in Economics from the University of Western Ontario.
Stephen Innes