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Brokers keep 'neutral' on SGX, saying positives priced in
By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT
22 Jan 1:58 PM
A FEW broking houses kept their "neutral" calls on Singapore Exchange (SGX) on Thursday following its second fiscal quarter results, where net profit grew 16 per cent to S$86.6 million on strong derivatives revenue growth....

SGX is working hard to expand on the China derivative market...

SGX plans China equity-index options on futures demand

SINGAPORE (Jan 23): The Singapore Exchange, Southeast Asia's biggest bourse, plans to start trading Chinese equity-index options as investors seek ways to hedge risks in the world’s most volatile stock market.

SGX ( Financial Dashboard) is in talks with the China Securities Regulatory Commission on when the Singapore bourse can introduce options on the FTSE China A50 Index, with approval likely to come after such products are introduced on the mainland, President Muthukrishnan Ramaswami said in an interview.

Volume on China A50 futures traded in Singapore surged 183 percent in the three months ended Dec 31.

“I’m sure we’ll get further guidance on when they are ready to let options trade overseas,” Ramaswami said, referring to the Chinese regulator.

“We are not in a great rush. The futures have some room to grow and options does provide a second stage of growth.”
...
http://www.theedgemarkets.com/sg/article...res-demand

... and into FOREX derivative market...

SGX president sees expansion into forex futures, equity options
22 Jan 2015 08:53
[SYDNEY] Singapore Exchange will let investors trade options and expand its futures contracts beyond equities into foreign exchange, the bourse's president said.

"Our efforts today are really to expand beyond just equity futures into things like options and other contracts that will help you cover similar exposures," SGX President Muthukrishnan Ramaswami said in a Bloomberg TV interview in the city-state today. "The second focus we have is on similar FX futures contracts for the same markets."
...
BLOOMBERG

Source: Business Times Breaking News

One more driver on derivative biz...

SGX receives approval from Commodity Futures Trading Commission as
registered Foreign Board Of Trade

Singapore Exchange (SGX) is pleased to receive approval from the U.S. Commodity Futures Trading Commission
(CFTC) as a registered Foreign Board of Trade (FBOT). The FBOT registration provides legal certainty to U.S.
customers with direct access to SGX’s comprehensive suite of Asian equity derivatives and commodities offerings
and trading infrastructure. SGX was the first in Asia to receive the Derivatives Clearing Organization (DCO) status
from the CFTC in 2013.
The FBOT approval endorses SGX as an established and well-regulated derivatives exchange subject to continued
oversight by the local regulator, Monetary Authority of Singapore, which provides comprehensive supervision
and regulation comparable to the CFTC’s practices and standards.
...
http://infopub.sgx.com/FileOpen/20150123...eID=332408

This is a direct move to meet the market demand. Entrepreneurs are streaming for helps, and SGX is obligated to start the platform, which is aligned with company overall interest...

SGX partners Clearbridge Accelerator to facilitate fund raising for entrepreneurs and SMEs


Singapore Exchange (SGX) is partnering Clearbridge Accelerator Pte Ltd (CBA) to develop a capital-raising platform
for entrepreneurs and small and medium-sized enterprises (SMEs) in Asia.
SGX has signed a Memorandum of Understanding with CBA, one of Singapore’s leading venture capital and
incubation firms specialising in early-stage investments. Under the MOU, SGX and CBA propose to form a jointventure
(JV) company to develop the fund-raising platform, which aims to address financing gaps SMEs and
entrepreneurs face by providing transparency and more efficient access among the investing community.
The proposed JV will identify and form a strategic equity partnership with an experienced platform operator and
industry stakeholders such as financial institutions to operate the new capital-raising platform. It will also identify
other partners and collaborators to create investor demand for the capital offerings on the platform. Enterprise
development agency SPRING Singapore will play a supporting role in the formation of the JV, as part of its ongoing
efforts to make the financing environment more conducive to SMEs and entrepreneurs.
...
http://infopub.sgx.com/FileOpen/20150126...eID=332581

The impact should be minimum, IMO, but let's see in the coming April...

JPX and SGX to launch straight-through network connectivity from April

SINGAPORE (Jan 28): Global traders of mutually-listed derivatives products and services on the Tokyo Stock Exchange and Singapore Exchange can now enjoy greater cost efficiencies, lower latency and new investment opportunities from April.

This is because the Japan Exchange Group (JPX) and SGX have today unveiled a “JPX-SGX Co-Location Direct service”.

The launch follows a Letter of Intent (LOI) signed between JPX and SGX in December last year.

According to the regulatory filing, the JPX-SGX Co-Location Direct service will offer straight-through international network connectivity between the two centres.

KVH and NTT Communications have been appointed carriers for the service, the statement said.
...
http://www.theedgemarkets.com/sg/article...vity-april

No additional rule, but encouraging a easier comparison between listed companies, on their Corporate Governance...

SGX aids listed companies in governance disclosure

Singapore Exchange (SGX) has developed a disclosure guide for companies in complying with key aspects of
governance and for investors in assessing information provided by companies.
Developed in a question-and-answer format, the guide makes clearer to companies specific principles and
guidelines identified as express disclosure requirements in the Code of Corporate Governance 2012.
Under SGX’s comply-or-explain approach to the Code, listed companies are expected to comply with the Code or
explain in their annual reports any deviation from the Code. Listed companies are encouraged to enclose the new
disclosure guide as part of their annual reports.
Investors can use these disclosure guides to review and compare companies’ governance practices, and better
assess the companies they invest in. A sample of the disclosure guide is attached.
Recent surveys have indicated that while compliance with the Code among SGX-listed companies is generally
good, disclosures relating to remuneration, risk governance, board diversity and sustainability were not
comprehensive. Using the disclosure guide as a basis for comparison, investors and interested stakeholders can
judge whether a company has provided adequate disclosures and meaningful explanations for any deviations
from the Code.
...
http://infopub.sgx.com/FileOpen/20150129...eID=333206

The focus seems on the derivative market...

SGX CEO Bocker boosts China focus as global links expand

SINGAPORE (Feb 2): The Singapore Exchange, Southeast Asia’s biggest bourse, will hire more people in China as it seeks to sell more of its products in Asia’s largest equities market, Chief Executive Officer Magnus Bocker said.

SGX will appoint a senior executive in China to build its business and relationships, Bocker said in an interview on Jan 29.
...
http://www.theedgemarkets.com/sg/article...nks-expand

One month data, can not tell much on future trend. Let's see the next few months performances...

(vested)

SGX sees 12% rise in Jan’s average daily trading value of $1.2 billion

SINGAPORE (Feb 3): The Singapore Exchange (SGX) ( Financial Dashboard) has reported increased retail activity and continued growth in securities trading in the first month of 2015.

Average daily trading value was $1.2 billion, up 22% month-on-month and 12% year-on-year.

Total trading value was $25 billion, up 17% from a month earlier and 12% year-on-year.

The number of trading days in January 2015 was 21 compared with 22 days in December 2014 and 21 days in January 2014.

SGX also saw a 9% increase in the number of active clients in January.
...
http://www.theedgemarkets.com/sg/article...12-billion

The effort on equity market, not only on derivative market...

(vested)

SGX organises inaugural investment carnival, launches mobile app
Singapore Exchange (SGX) will hold its first-ever SGX My First Stock Carnival, as part of a campaign to educate
new investors and encourage them to start investing. The campaign comprises a fun-filled carnival this weekend
(6 to 8 February), digital initiatives including an interactive online tool, the launch of SGX Mobile App as well as a
weekly radio programme.
Recent retail investment trends have shown that almost one-third of new retail CDP account holders are under
the age of 25. Targeted at NIBIs (Not Invested But Interested) aged 18 – 30 years old, the SGX My First Stock
Carnival takes a hands-on, user-friendly approach to educate investors on how to get started on investing. A
Resource Centre will be set up at the carnival to provide information and tools for investing, and SGX staff will
show participants how to select their first investment. Participants will be given a My First Stock Guidebook to
help them learn about investing. Six brokers will also be on hand to help investors open accounts and activate
their first transaction, and share about their fee promotions to support smaller board lots. For more details, click
here.
One of the new SGX tools being launched is the SGX Investor Roadmap, an easy-to-use, interactive online tool
designed to help new investors get started on their investment journey. For more details, click here.
To give investors market information on the go, SGX will be launching its mobile app at the carnival. The app is
available on both Google Android and Apple iOS platforms. For more details, click here.
From March 3, SGX will provide content for a weekly live radio programme on MediaCorp’s 938LIVE called Dollars
and Sense. SGX and other investment experts will discuss various aspects of investing and listeners can call in
with their questions. Dollars and Sense will be broadcast every Tuesday from 12.30-1pm and be repeated on
Saturday evenings from 8.30-9pm. Currently, SGX provides daily market updates on 938LIVE at 6.50am, 11.20am
and 6.20pm
...
http://infopub.sgx.com/Apps?A=COW_CorpAn...NLdxZ2Uc70