When was sgx formed

Business Summary Singapore Exchange Ltd. The Fixed Income, Currencies and Commodities segment engages in Provision of fixed income issuer services, trading and clearing services and collateral management. The Equities segment engages in Provision of issuer services, securities trading and clearing, securities settlement and depository management, derivatives trading and clearing and collateral management.

The Corporate segment is a Non-operating segment comprising corporate activities which are not allocated to the three operating segments.

The company was founded on August 21, and is headquartered in Singapore. Shareholders Temasek Holdings Pte Ltd. Investment Company Shanghai Yaxu Consultancy Co. SGX America Ltd. Global Clear Pte Ltd. The SGX has continued its trend of linking up with exchanges well beyond its shores to add trading volume and value. In October of , the Singapore Exchange and the Australian Securities Exchange entered into a merger agreement intended to create Asia's second largest exchange group behind Hong Kong Exchange and Clearing.

In August , SGX launched its Reach trading engine in an effort to improve market quality and liquidity. It is the world's fastest trading engine and offers 10 times more capacity. On Oct. NEMS is the first liberalized spot electricity market in Asia. SGX acquired the Baltic Exchange in , in a deal that gave SGX access to a trading platform for the multibillion-dollar freight derivatives market. In May of the NSE and the Singapore Exchange abandoned talks on a cross-border trading link in the midst of a court battle that soured their year partnership.

The venture would have enabled traders in Singapore to buy and sell derivatives on exchanges in the Gujarat tax-free zone known as Gift City. Become a sponsor ». Singapore Exchange, Ltd. Futures Industry. The Financial Times. The Business Times. The Trade. Encourages more foreign investors to invest in the Indian derivative market.

The proximity in location between India and Singapore ensures that there is better connectivity between the two exchanges and lesser time lapse. It serves as a good alternative to investors who do not have access to Indian markets especially if they seek to transact in terms of US Dollars.

The expanded working hours of SGX Nifty provides leverage in transactions, especially with regard to the hedge funds. The 16 hour time window also allows market participants to take a view on the Indian markets based on overnight developments in Wall Street enhancing their decision making capacity.

Indian residents are prohibited from trading in SGX Nifty contracts. The longer trading hours on the SGX ensures that the impact of global events is more advanced on the stocks traded in that exchange. But in reality, there is little or no effect that the SGX has on NSE Nifty or vice versa, as all economic factors in consideration impact both the indices.

SGX has decided to launch single stock futures and the SEBI wishes to counteract the possibility of foreign exchanges becoming price setters for the India Market and the growing market share of SGX through a slew of protectionist measures.