Innovation, connectivity needed for SGX to hold its own: Tharman
SINGAPORE – Innovation and connectivity with other bourses are needed for the Singapore Exchange (SGX) to hold its own amid competition, said Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam, at the official unveiling of the refurbished premises of the SGX this evening (Sept 23).
SINGAPORE – Innovation and connectivity with other bourses are needed for the Singapore Exchange (SGX) to hold its own amid competition, said Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam, at the official unveiling of the refurbished premises of the SGX this evening (Sept 23).
The local exchange has its strengths, he said, and its position in a neutral, well-regulated location makes it well-placed to ride the next wave of prosperity in Asia.
“This is such a competitive business. The world of exchanges is completely different now compared to 15, 20, years ago - completely transformed. Far more global, because the competition anywhere is in fact global competition. The liquidity is global,” he said.
Mr Tharman added that the exchange has a lead in certain areas, namely in the Real Estate Investment Trusts segment and commodity derivatives. He also noted that Asian wealth is diversifying, principally into capital markets, and with global regulation stricter now, exchanges will benefit.
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