SGX bought 49% of the Energy Market Company in August to enter the electricity trading market.
In his speech at the 13th Annual General Meeting on 20 th September 2012, SGX CEO Magnus Bocker said the initiatives they take and products they develop will strengthen Singapore's Asian Gateway position and expand the breadth and depth of its revenues.
Here's more from his speech:
Most recently in August, we announced we bought 49% of the Energy Market Company so that we can enter the electricity trading market. Asia’s growth and increasing demand for electricity and power make that very interesting for us.
And on Tuesday this week, two days ago, the ASEAN Trading Link was successfully launched between SGX and Bursa Malaysia, with the Stock Exchange of Thailand joining next month. This is the first step on a long journey to make our home market in Singapore more attractive to investors both from within and outside ASEAN.
RETAIL INVESTORS ARE IMPORTANT
Other than overseas investors, we have seen and you will see us focus a lot of our energy on educating and engaging Singapore investors. This has already started. In collaboration with the National Library Board and MAS MoneySENSE, we have taken investor education to the heartlands, conducting education seminars in libraries all over Singapore, near where many of us live and making it much more accessible.
In January, eight months ago, we launched MyGateway, an SGX website, which now has over 100,000 subscribers. This month, we began SGX StockWhiz, an online stock investing competition which has already 11,000 participants. Through My Gateway and StockWhiz, we are making freely available information on investment products, market updates, and other things you should know when investing. I hope you all here and all our shareholders have a close look at that and engage as well.
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