SGX turns to Asian bond trading as IPOs continue to disappoint

The bourse is struggling to lift its revenue.

Singapore Exchange Ltd. is seeking to capture a larger slice of secondary trading of foreign-currency bonds from Asian issuers to augment revenue as it endures a multi-year slump in initial public offerings.

The bourse is recruiting more participants to its bond trading venue since its launch in December, Tsai Li Renn, head of fixed-income trading, said in an interview. There are about $10.8 trillion worth of notes outstanding denominated in the U.S. dollar, euro and yen issued by companies and governments in the Asia-Pacific region, according to Bloomberg data. Read the full report here.

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