Advertisement
Singapore markets close in 11 minutes

  • Straits Times Index

    3,293.51
    +20.79 (+0.64%)
     

  • Nikkei

    38,460.08
    +907.92 (+2.42%)
     

  • Hang Seng

    17,201.27
    +372.34 (+2.21%)
     

  • FTSE 100

    8,081.47
    +36.66 (+0.46%)
     

  • Bitcoin USD

    66,633.59
    +457.45 (+0.69%)
     

  • CMC Crypto 200

    1,438.69
    +14.59 (+1.02%)
     

  • S&P 500

    5,070.55
    +59.95 (+1.20%)
     

  • Dow

    38,503.69
    +263.71 (+0.69%)
     

  • Nasdaq

    15,696.64
    +245.33 (+1.59%)
     

  • Gold

    2,331.40
    -10.70 (-0.46%)
     

  • Crude Oil

    82.97
    -0.39 (-0.47%)
     

  • 10-Yr Bond

    4.5980
    -0.0250 (-0.54%)
     

  • FTSE Bursa Malaysia

    1,570.34
    +8.70 (+0.56%)
     

  • Jakarta Composite Index

    7,165.37
    +54.56 (+0.77%)
     

  • PSE Index

    6,572.75
    +65.95 (+1.01%)
     

SGX eyes diversifying revenue streams

Singapore Business Review
SGX eyes diversifying revenue streams

It wants to cut dependence on its derivatives market.

Singapore Exchange's acquisition of the Baltic Exchange for $137m in cash at the end of 2016 is expected to boost its plans to diversify revenue streams.

According to DBS Group Research, SGX is looking to grow the market for currency futures to reduce its reliance on the derivative segment.

More so, it is developing into a regional fixed income platform, with the launch of its bond trading platform – SGX Bond Pro.

Additionally, SGX is also looking to expand its global presence in shipping and has been developing Asian pricing benchmarks for commodities such as iron ore, liquefied natural gas and coking coal.

ADVERTISEMENT

Finally, DBS Group Research said SGX is growing its market data and index businesses.



More From Singapore Business Review