It is always good to have multiple engines for earning growth. The ETF seems the next product to promote...
SGX eyes bigger slice of the booming ETF market pie
03 Nov 2015 09:00
By Cai Haoxiang
AMID a booming exchange-traded fund (ETF) market elsewhere in the world, Singapore Exchange (SGX) is trying to get into the party.
It has rolled out educational campaigns with brokers and waived clearing fees for a period. At the same time, it has allowed investors to trade more ETFs on the SGX platform without having to be qualified to do so.
Industry players say it is still early days, and the biggest challenge is investor education. This year, however, more retail clients are trading and volumes are rising.
...
Source: Business Times
(03-11-2015, 09:13 AM)CityFarmer Wrote: [ -> ]It is always good to have multiple engines for earning growth. The ETF seems the next product to promote...
SGX eyes bigger slice of the booming ETF market pie
03 Nov 2015 09:00
By Cai Haoxiang
AMID a booming exchange-traded fund (ETF) market elsewhere in the world, Singapore Exchange (SGX) is trying to get into the party.
It has rolled out educational campaigns with brokers and waived clearing fees for a period. At the same time, it has allowed investors to trade more ETFs on the SGX platform without having to be qualified to do so.
Industry players say it is still early days, and the biggest challenge is investor education. This year, however, more retail clients are trading and volumes are rising.
...
Source: Business Times
Has anyone really seen rising volume on SGX or is it officials with vested interests singing their own tune?
Anyway ETFs are now suffering from the inability to track underlying basket of securities following dwindling liquidity post recent unwinding of volatility.
ETFs are 2nd derivative instruments that are dependent of the underlying basket of securities track by certain index. Without the quality offering of the fundamentally sound basket of companies, robots deployed can only do so much and potentially wreck havoc on the securities exchanges with thinning liquidity.
Skeptical
GG
Two Years on, SGX’s New CEO Seeks to Overcome Stock-Rout Fallout
2015-11-03 23:14:23.134 GMT
By Jonathan Burgos and Andrea Tan
(Bloomberg) -- Singapore Exchange Ltd. Chief Executive
Officer Loh Boon Chye says his top priority is to restore
confidence in Southeast Asia’s biggest stock market, where
turnover is yet to recover from a mystery penny-stock crash more
than two years ago.
Since taking the helm in July, Loh has been discussing “to-
do lists" from investors, brokers and listed companies who want
him to revive interest in equities, he said in an interview this
week at SGX’s headquarters. Loh’s predecessor Magnus Bocker drew
criticism for focusing on his derivatives business while
investors and stockbrokers suffered an unexplained freefall in
three commodity companies in 2013 that wiped out $6.9 billion in
market value.
“I like challenges,” said Loh, a veteran banker who used to
run Asia-Pacific global markets for Bank of America Corp. Even
though the penny-stock slump happened well before his tenure,
he’s so aware of the fallout that he has an acronym to describe
it: ABL, the initials of the companies that plunged. “These are
things that are out there and that clearly has a dent on
confidence in trading. We need to overcome that.”
Trading Slump
The value of shares traded in Singapore increased 11
percent to a daily average of S$1.16 billion ($830 million) this
year from the same part of 2014 as the exchange allowed trading
in smaller chunks to attract individual investors. That’s still
about 25 percent lower than in 2013 before the penny-stock
crash. Partly because of the trading lull, companies have looked
elsewhere to list. SGX hosted seven initial public offerings
worth S$103.9 million in the September quarter, down from S$1.9
billion a year earlier.
“Singapore is a small city-state so it’s never going to be
up there with Wall Street or Shanghai,” said Shane Oliver,
Sydney-based global strategist at AMP Capital Investors Ltd.,
which manages about $112 billion. “It’s making sure that the
country remains innovative, corporate governance remains high
and capital can flow freely. That will keep investors on its
side over time.”
Loh, 51, says SGX is working on a bond-trading platform
that will make it a more attractive place for companies to raise
money. The facility will allow companies to sell bonds in
smaller amounts instead of “multi-hundred million” dollars each
time, helping to create efficiencies, he said.
Getting Liquidity
“This was really designed with a steering group -- buy
side, sell side, existing banks,” Loh said. “It’s better to have
a system to now be embraced by the users, then you have a
greater chance of getting the liquidity.”
Loh also plans to add currency products and last month
started a customized index service in a move to help diversify
revenue for SGX. The exchange’s derivatives and equities
business accounted for 41 percent and 25 percent of its most
recent quarterly revenue, respectively.
“If you want to talk about scale, that’s clearly one of our
challenges,” Loh said. “There’s a broader value proposition.
Yes, we would like more IPOs but fund raising is also about
debt.”
Securities-Fraud Investigation
Banks and brokers have sued to recover at least $230
million from the stock rout which led to the city’s largest
securities-fraud probe. The investigation continues and
authorities have said they’re “sparing no effort” to bring
culprits to justice.
Deutsche Boerse AG and Bats Global Markets Inc. are also
among bourses challenging the dominance of banks in the global
currency market. CME Group Inc. has said its foreign-exchange
futures are growing in popularity after banks paid billions of
dollars to settle claims of currency rigging.
Bocker, who led SGX for more than five years, didn’t seek
to extend his contract after a petition signed by more than 500
people sought to remove him as chief. SGX shares slipped 0.4
percent during his tenure, versus a 21 percent advance for the
benchmark Straits Times Index. Since Loh started, the exchange
operator has fallen 11 percent as the equity gauge sank 9.4
percent. Analysts tracked by Bloomberg are the most bullish on
the stock since 2011.
“I hope to make a difference. It’s a high-profile job, I
get that,” Loh said. “I walked into this job knowing that.”
U want and what u get is very different... frankly SGX appears to be rocked bottom but how to climb out of the rout requires good values and a changed in mentality...
http://www.businesstimes.com.sg/companie...ajor-focus
The Business Times
New SGX CEO targets digital, consumer IPOs; boosting liquidity also a major focus, Top Stories - THE BUSINESS TIMES
THE BUSINESS TIMES Top Stories - SINGAPORE Exchange (SGX) chief executive Loh Boon Chye wants to attract more listings from the digital and consumer sectors, and is pouring his efforts into raising liquidity so that the bourse can catch the next market upturn.. Read more at The Business Times.
(17-11-2015, 05:35 PM)cfa Wrote: [ -> ] (17-11-2015, 04:07 PM)greengiraffe Wrote: [ -> ]http://www.channelnewsasia.com/news/business/sgx-flags-concerns-about/2268410.html
Channel NewsAsia
SGX flags concerns about financial accounting by several China-linked firms
Companies at risk include those from the textile and sporting goods, manufacturing, heavy industries, packaging, electrical and electronics, retail and chemical sectors, according to Singapore Exchange's Chief Regulatory Officer.
they are damn slow
It has been donkey years since GFC and s chip crisis... and u got to take all these fat donkeys to realise that they have been over grazing on barren pastures. .. maybe we shld really write off these donkeys
Must say something to show that they are deeply concerned , they are paid to say something but cant do much !
Luckily I m already passed that stage... else I don't mind to be thick skinned enough to cover my heart to make that sort of $...
On the other side of things, is there anything wrong to disclose and red flag the companies that they are watching for the sake of transparency?
Always Confused
GG
(17-11-2015, 05:39 PM)greengiraffe Wrote: [ -> ] (17-11-2015, 05:35 PM)cfa Wrote: [ -> ] (17-11-2015, 04:07 PM)greengiraffe Wrote: [ -> ]http://www.channelnewsasia.com/news/business/sgx-flags-concerns-about/2268410.html
Channel NewsAsia
SGX flags concerns about financial accounting by several China-linked firms
Companies at risk include those from the textile and sporting goods, manufacturing, heavy industries, packaging, electrical and electronics, retail and chemical sectors, according to Singapore Exchange's Chief Regulatory Officer.
they are damn slow
It has been donkey years since GFC and s chip crisis... and u got to take all these fat donkeys to realise that they have been over grazing on barren pastures. .. maybe we shld really write off these donkeys
Must say something to show that they are deeply concerned , they are paid to say something but cant do much !
Luckily I m already passed that stage... else I don't mind to be thick skinned enough to cover my heart to make that sort of $...
On the other side of things, is there anything wrong to disclose and red flag the companies that they are watching for the sake of transparency?
Always Confused
GG
As good as never say anything. But some still believe they are working very hard to look after the interests of the investing public .