- Singapore Exchange
Infobox Company | company_name = Singapore Exchange Limited
company_
company_type = Public (SGX: [http://info.sgx.com/serviceapp.nsf/Cpy/S68 S68] )
company_slogan =
foundation =Singapore (1 December 1999 )
location =Singapore
industry =Stock exchange
key_people =
num_employees =
products = N.A.
revenue = 316.3m
homepage = [http://www.sgx.com http://www.sgx.com]Singapore Exchange Limited sgx|S68 (SGX) is the
stock exchange inSingapore .SGX was formed on
December 1 1999 , following the merger of two established and well-respected financial institutions - theStock Exchange of Singapore (SES) and theSingapore International Monetary Exchange (SIMEX).It is the Asia-Pacific's first demutualised and integrated securities and derivatives exchange.Fact|date=August 2008
The revenues of Singapore Exchange are mainly from the securities market (72%) and
derivatives market (28%).Singapore Exchange Limited has achieved the highestClarifyme|date=October 2008 quarterly profit since its listing in 2000. SGX posted a profit of over $200 million which represents more than double growth of 2007 corresponding period. The strong results were achieved on the back of robust securities trading driven by high volatility and liquidity in the markets.Fact|date=October 2008 Its Futures and Options market saw also another record year in 2007. SGX’s derivatives volume exceeded 44 million contracts, surpassing its previous annual record volume in 2006 by 21%. The strong increase in overall volumes was fuelled by soaring growth in some of its key contracts including the Nikkei 225, MSCI Taiwan and the MSCI Singapore Index Futures contracts, which also hit new record highs this year.Fact|date=October 2008
Hours
SGX's has pre-market sessions from 08:30am to 09:00am and normal trading sessions from 09:00am to 05:00pm on all days of the week except Saturdays, Sundays and holidays declared by the Exchange in advance. []
Alliances
Bombay and Tokyo Stock Exchange
Singapore Exchange acquired a strategic investment in
Bombay Stock Exchange (5%) for US$42.7m. This was consistent with the strategy of building an Asian Gateway for securities and derivatives.Fact|date=October 2008 A collaboration was also signed with Abu Dhabi Securities Market in order to benefit from the Singapore andUnited Arab Emirates . The SGX also has a 50-50 joint venture with the Chicago Mercantile Exchange to list commodity futures on a Singapore-based platform called Jade, which aims to tap a fragmented but fast-growing market for derivatives.Fact|date=October 2008 Moreover,Tokyo Stock Exchange is looking for some partners in Asia. OnJune 15 ,2007 , TSE announced that it had [http://www.bloomberg.com/apps/news?pid=20601080&sid=aZ2hmIz6eyrw&refer=asia purchased a 4.99% stake] in SGX for 37.4 billion yen (US$303 million).Tokyo Stock Exchange (TSE) is considering to rise in Singapore Exchange and is currently discussing with Singapore Exchange to develop jointly traded products. They plan to develop joint equity and interest-rate products, though analystsWho|date=October 2008 said the main lure for the TSE was SGX's expertise in futures and clearing services.Fact|date=October 2008London Stock Exchange
After the
London Stock Exchange (LSE) rejected a £2.4bn takeover approach from Nasdaq in 2006, LSE showed that it is fighting to retain its independence and preferred to establish a Euro-Asian Gateway for securities and derivatives.Fact|date=October 2008 LSE is currently collaborating with Singapore Exchange (SGX) - calling it a major strategic partner in Asia - and is planning to take a large stake in SGX at the beginning of 2008. Some rumors are even pointing out that a take over SGX by LSE is in preparation.Fact|date=October 2008Companies listed on Singapore Exchange
As at 29 June 2007, there were 722 listed companies on the Singapore Exchange with a market capitalisation of SGD$773 billion. [ [http://www.sgx.com/shareholder/documents/SGX_AR07_CorporateSection.pdf Singapore Exchange Limited Annual Report 2007] ]
The performance of the stocks listed on the Singapore Exchange has traditionally been measured by the
Straits Times Index . In January 2008, the SGX scrapped its existing index methodology and chose FTSE to manage its index business. The introduction of such indices has been poorly implemented in the indices themselves are no longer displayed on the SGX web site, and they are no longer supplied on their live data feeds to brokers. [ [http://asia.news.yahoo.com/080110/3/3derd.html New Singapore stock index hitch frustrates traders] ,Reuters,January 10 ,2008 .] [ [http://www.channelnewsasia.com/stories/singaporebusinessnews/view/321940/1/.html STI relaunched, but where's the data?] , Cheow Xin Yi and Esther Fung, "Channel NewsAsia"',January 11 ,2008 .] This has resulted in the most active brokers being unable to supply any index prices to their trading customers. Even the SGX are confused since they announced live values for the new indices would be reported on their web site [ [http://info.sgx.com/webnewscentre.nsf/b9c790d0d5ba5d2548256dcf0049ce28/48256838002f07b1482573cc00287a60?OpenDocument SPH, SGX and FTSE launch revamped Straits Times Index and new FTSE ST Index series] , "Singapore Exchange announcement",January 10 ,2008 ] but are nowhere to be found. [ [http://stquote.sgx.com/live/st/IndexSum.asp SGX Real-time Live Index values] , "Singapore Exchange ]References
ee also
*
Listings on the Singapore Exchange
*Straits Times Index
*Stock Exchange of Singapore (SES)External links
* [http://www.sgx.com/ Official SGX site]
* [http://www.singaporestockexchange.net/ Individual blogs and website about the Singapore stock exchange]
* [http://www.addsense.org/ Stock forum dedicated for discussing Singaporean Stocks only]
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