SGX's multi-asset strategy silences its sceptics
Its CEO believes way forward is to build scale and offer risk-management tools, services and platforms
IN the last couple of years, Singapore Exchange (SGX) chief executive officer Loh Boon Chye has doggedly pitched his vision of a multi-asset, multi-purpose and borderless exchange.
He failed to convince many.
Sceptics thought his idea was no more than a rather clever distraction tactic by the exchange, just when its traditional cash equities business was floundering and rivals were nipping at its heels.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Prudential shutters Hong Kong wealth unit Pulse
Singapore has to be realistic on global trends plaguing its stock market: DPM Wong
Google DeepMind unveils next generation of drug discovery AI model
AEM Holdings Q1 net profit tumbles 85% to S$2.4 million
World’s biggest tea buyer Lipton’s sale of last farms is a strategy shift
JPMorgan, Nomura limit Segantii exposure on Hong Kong case