SINGAPORE: Singapore Exchange Ltd (SGX) aims to add products to its lucrative derivatives business and offer Southeast Asian unicorns a platform to list shares and bonds, in a multi-asset strategy aimed at sustaining growth, its chief executive said. "They think about us as a derivatives, foreign exchange, commodities and freight market and also increasingly a fixed income market," Loh told Reuters. Bond listings are also a key part of SGX's offerings, said Loh, a veteran banker who joined SGX four years ago. SGX's revenue from the trading of equities, commodities and foreign exchange derivatives jumped 30% in June-March, making up 50% of the total. Growing demand from international investors to hedge exposure to iron ore, coal, Indian stocks and other asset classes pushed SGX's revenue to a record-high last year.

Source: The Star June 06, 2019 00:00 UTC