Formation of SGX
SGX was established as a retaining business enterprise on December 1, 1999. The proportion capital of a few former exchanges, the Stock Exchange of Singapore (SES), the Singapore International Monetary Exchange (SIMEX), installed in 1984, and Securities Clearing and Computer Services Pte Ltd (SCCS), had been discontinued, and new stocks issued in them. SGX entirely can pay for this. In this way, all property previously owned by those three corporations is transferred to SGX. Existing SES, SIMEX, and SCCS receive newly issued SGX stocks.
Joint venture
On September 25, 2006, the Joint Asian Derivatives Exchange (JADE), a joint venture between SGX and the Chicago Board of Trade (CBOT), began operations. However, the joint venture was canceled in November. By 2007, CME Groups sold a 50% stake in a joint venture to SGX. Previously traded contracts on JADE were transferred to SGX’s QUEST trading platform.
In August 2009, sgx nifty established a joint venture with Chi-X Global called Chi-East. In early October 2010, this joint venture was approved by the Monetary Authority of Singapore to operate the platform. Trading Dark Pool.
Acquisition
In March 2007, SGX bought a 5% stake in the Bombay Stock Exchange for $42.7 million.
On June 15, 2007, Tokyo Stock Exchange, Inc. announced that it had acquired a 4.99% stake in SGX. Since then, the share value has declined, and Tokyo Stock Exchange, Inc. has decided to sell its stake in SGX. SGX to parent company Tokyo Stock Exchange Group, Inc.
On January 31, 2008, SGX acquired a 20% stake in Philippine Dealing System Holdings Corp, which became an associate of SGX.
In early 2008, SGX reached an agreement to acquire at least 95% of the Singapore Commodity Exchange. On June 30, 2008, SGX completed the acquisition of Singapore Commodity Exchange Ltd (SICOM), now a 100% subsidiary.
In November 2016, Singapore Exchange (SGX) acquired London-headquartered Baltic Exchange.
Representative office
On April 18, 2008, SGX opened a representative office in Beijing.
On June 8, 2010, sgx nifty announced that it had opened an office in London. This is part of SGX’s move to invest S$250 million in accessibility initiatives. By implementing this initiative, SGX plans to build the world’s fastest trading tool and data center and connect the global trading community with Singapore. The new trading platform SGX Electric will be delivered to SGX by NASDAQ OMX, Voltaire, and HP. This platform usesGENIUM, a trading platform developed by NASDAQ OMX.
Partnership
SGX has entered into a partnership with NASDAQ OMX to provide a suite of tools and solutions for companies designed to support listed companies in Asia.
Currency pair trading
SGX plans to introduce dual-currency trading, including stocks, bonds, and other investments. Registered in two different currencies, Singapore and US Dollar, on April 2, 2012.
Financial performance
As of January 31, 2010, SGX has 774 listed companies with a total market capitalization of $650 billion. Stock market (75%) and derivatives (25%).
SGX reported a net income of $165.8 million in the first half of the fiscal year 2010, excluding non-recurring items. Net profit was up 7% compared to the first half of fiscal 2009 ($159.2 million) in the second quarter of fiscal 2010, excluding non-recurring items. Net profit of $77.0 million, up 3 percent from last year. Operating income increased 6% to $324.0 million (1H FY2009: $304.9 million).
Small stock sale
In October 2013, excessive speculation resulted in a sharp drop in three motherboard stocks, Blumont Group Ltd, Asiasons Capital Ltd., and LionGold Corp. sgx nifty and the Monetary Authority of Singapore (MAS). It launched the third round of stock review activity and, in February 2014, jointly issued a consulting document to define several improvements to strengthen the stock market and protect investors from speculation and market manipulative behavior. This included implementing a minimum trade price for onboard issuers requiring short position reporting and the creation of three independent regulators.
