Singapore Exchange
| 新加坡交易所 | |
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| Type | |
|---|---|
| Location | Singapore, Singapore |
| Founded | 1 December 1999 |
| Key people |
Chew Choon Seng (Chairman) Kwa Chong Seng (Chairman) (from 22 Sep 2016) Loh Boon Chye (CEO) |
| Currency | Singapore dollar, US dollar |
| No. of listings | 776 |
| Website | sgx.com |
Singapore Exchange Limited (SGX, SGX: S68) is an investment holding company located in Singapore and provides different services related to securities and derivatives trading and others. SGX is a member of the World Federation of Exchanges and the .
SGX operates several different divisions, each responsible for handling specific businesses.
The companies listed on SGX belong to one of two groups: the companies listed on the SGX Mainboard and the companies listed on SGX SESDAQ. In order to be listed on the mainboard, a company has to fulfill some requirements set forth by SGX, while a listing on SESDAQ is not tied to the fulfillment of any additional conditions.
The exchange launched SGX QUEST (SGX Quotation and Execution System) in August 2004. The system is used by the exchange for derivatives and securities trading.
Local times:
SGX was formed on 1 December 1999 as a holding company. The share capital of some former exchange companies, namely (SES), Singapore International Monetary Exchange (Simex) and Securities Clearing and Computer Services Pte Ltd (SCCS) was cancelled and new shares issued in these companies were fully paid up by SGX. In this way, all assets previously owned by these three companies were transferred to SGX. The shareholders previously holding shares in SES, Simex and SCCS received newly issued SGX shares.
On 23 November 2000, SGX became the second exchange in Asia-Pacific to be listed via a public offer and a private placement (Australian Securities Exchange was listed in 1998). Listed on its own bourse, the SGX stock is a component of benchmark indices such as the MSCI Singapore Free Index and the Straits Times Index.
On 25 September 2006, the Joint Asian Derivatives Exchange (JADE), a joint venture between SGX and Chicago Board of Trade (CBOT) became operational. However, this joint venture was cancelled in November 2007, with CME Groups selling of its 50% stake in the joint venture to SGX. The contracts previously traded on JADE were transferred to SGX's QUEST trading platform.
In August 2009, SGX formed a joint venture with Chi-X Global, called Chi-East. At the beginning of October 2010, this joint venture received approval from the Monetary Authority of Singapore to operate a dark pool trading platform.
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Wikipedia