Securities Market Due to the high volatility, the total securities market turnover value spiked higher by 124% YoY with S$48.2 billion and securities daily average value (SDAV) rose to S$2.2 billion with 114% YoY. SGX’s leveraged products segment drew steady interest from traders in search of short-term opportunities. The volumes of structured warrants and daily…
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Singapore Exchange (SGX) has announced earlier today that it has added United Hampshire US REIT to its Mainboard. United Hampshire US REIT is Asia’s first US grocery-anchored shopping centre and self-storage REIT and is now listed on SGX's mainboard under the stock code ODBU. Robert Schmitt, Chief Executive Officer, United Hampshire US REIT Management Pte.…
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Singapore Exchange (SGX) just announced that it has launched methanol futures and swap contracts to help methanol producers, traders and downstream users manage risk and improve price discovery amid rising demand. Both new features (SGX Platts Methanol CFR China Swap and the SGX Platts Methanol CFR China Futures) will be listed with 12 consecutive contract…
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Earlier today the Singapore Exchange (SGX) added the Russian agri and dairy firm Don Agro International Limited to its Catalist under the stock code “GRQ”. The company appears for the first time on the Singaore stock exchange at S$0.25, 13.6% higher than its initial offering price (IPO). Don Agro operates agricultural products in the Rostov…
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Singapore Exchange Regulation (SGX RegCo) is making its monitoring and regulating system more effective with the use of artificial intelligence (AI) improvements. Introducing AI in regulation can help single out unusual trading activities through analysis of historical data and avoiding noise from developments between the financial markets. Thus, the regulatory agency can focus on smaller…
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Singapore Exchange (SGX) keeps reporting record volumes, as international investors seek trading opportunities in Asia. The heightened activity is not that unexpected, as the FX industry moves toward the final stages of regulatory reforms for uncleared OTC derivatives. Interest in SGX’s suite of Asian currencies continues to grow, with record US$1.3 trillion changing hands in…
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More news from Singapore today, as Singapore Exchange (SGX) has just announced that it has added Orient Futures International (Singapore) Pte. Ltd. as a Trading and Clearing Member to its derivatives market. SGX’s derivatives market now has 65 Trading Members and 26 Clearing Members. Orient Futures International is a wholly owned subsidiary of Orient Futures Co.,…
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The following article is courtesy of FlexTrade's Ivy Schmerken. With the uptick in Asian currency trading and the growth of electronic trading, Singapore’s regulator is working with the financial industry to build an FX trading hub and expand FX market infrastructure, a move to improve liquidity and price discovery during Asian trading hours. The Monetary…
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Singapore Exchange (SGX) has just announced that it has acquired a 20% stake, by investing $25 million, in TradingScreen’s BidFX - a specialized trading platform for global FX markets, launched back in 2017. This investment will allow SGX to offer its Asian FX futures alongside BidFX’s OTC products, bringing together both pools of liquidity. BidFX…
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Singapore Exchange (SGX) has announced that it will sign Memorandums of Understanding (MOUs) with Zhejiang (S) Entrepreneurs Association (ZJEA) and China Futures Association (CFA), in an effort to further strengthen ties with China as part of its multi-asset, international growth strategy. The signing ceremonies will take place tonight at a gala dinner in Beijing to…
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