Singapore Exchange (SGX)

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Crowd-sourcing platform in Singapore?

SGX provides $1.5 million grant to platform to fund startups

SINGAPORE (June 24): Singapore Exchange is giving $1.5 million to Clearbridge Accelerator to support the development of CapBridge, a fund-raising platform for early state small and medium enterprises (SMEs).

CapBridge said in a press release a pilot run comprising 10 companies from around the world with a combined indicative deal value of $138 million will be launched next month.

“The expected amount that companies can raise through CapBridge is about $5 million,” a company spokeswoman said.
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http://www.theedgemarkets.com/sg/article...d-startups
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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Doesn't this sound familiar

That's what happens when public goods becomes profit oriented because effectiveness through capex spending is not always profitable. And textbook competition may not be the cure-all... it depends on the sector's dynamics.

SINGAPORE (June 24): The Monetary Authority of Singapore (MAS) has directed Singapore Exchange to invest $20 million to strengthen its systems as part of measures to address technological failures that halted trading twice last year.

The regulator, which also barred SGX from raising its fees until it resolved the issues to MAS’ satisfaction, said in a press statement that SGX did not have sufficient monitoring capabilities to meet contingencies.

“Financial institutions have the responsibility to ensure the resilience of their technological systems. They should effectively manage their technology risks and ensure prompt recovery when incidents arise so as to minimise service disruption to customers,” says Ong Chong Tee, MAS’s deputy managing director for financial supervision.

“MAS takes a serious view of the incidents and will require SGX to improve its technology risk management,” Ong adds.

SGX estimated that it would cost $20 million to upgrade its monitoring systems to identify problems quickly in order for prompt remedial actions to be taken, MAS said.

It also directed SGX to strengthen its business continuity management and disaster recovery procedures to improve crisis preparedness and improve its crisis communications processes to provide prompt information to all stakeholders.

These are recommendations made by the SGX Board Committee of Inquiry (BCOI) which investigated the trading glitches and reported to the regulator.

http://www.theedgemarkets.com/sg/article...-systems-0
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward

Think Asset-Business-Structure (ABS)
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How about SGX just give us a corp annc email alert system like the one in SEHK? I happy liao.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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A widely discussed opinion from Mr. Ong, from MAS. The opinion is applicable to SGX, thus I post it here.

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"Achieving a Robust and Vibrant Securities Market" by Ong Chong Tee, Deputy Managing Director (Financial Supervision), Monetary Authority of Singapore.

http://www.mas.gov.sg/news-and-publicati...arket.aspx
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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Sounded like it is none of "my" business... lol

(28-06-2015, 04:57 PM)CityFarmer Wrote: A widely discussed opinion from Mr. Ong, from MAS. The opinion is applicable to SGX, thus I post it here.

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"Achieving a Robust and Vibrant Securities Market" by Ong Chong Tee, Deputy Managing Director (Financial Supervision), Monetary Authority of Singapore.

http://www.mas.gov.sg/news-and-publicati...arket.aspx
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http://btd.sg/1LB9fPI : SGX woos Israeli startups for IPOs
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So funny!
Trade with caution - SGX
The only way to avoid making mistakes is not to do anything. And that … will be the ultimate mistake. - Goh Keng Swee
A pessimist complains about the wind; an optimist expects it to change; the realist adjusts the sails. - W. A. Ward
Learn from the mistakes of others. You won't live long enough to make them all yourself. - Jane Bryant Quinn
人生最大錯誤,用健康換取身外之物。 ^ 人生无常,珍惜当下。 ^ 放弃固执,适时变通。 ^ 前面是绝路,希望在转角。

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I have never taken a declaration as joke, especially when I need to sign-off. I reckon we all know a declaration is legally bounded, even the declaration seems routine, and "joke" to some.

I usually peek into the response of query, to confirm, the price movement, isn't due to any pending announcement(s).

(not vested)
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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More ETF choices in SGX...

10 more ETFs available to all investors

http://infopub.sgx.com/FileOpen/20150703...eID=358573
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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SGX is not alone and for those investors who remained active and profitable... give yourself a pat on your shoulders... its becoming an institutional game...

So the way for retail to survive is to become an insti-retail... all hail valuebuddies since I strongly believe that many of us are survivors

GG

Australian share investors on ASX hits a ten-year low
THE AUSTRALIAN JULY 08, 2015 12:00AM

Mitchell Bingemann

Reporter
Sydney
The number of Australians buying and selling shares on the Australian Securities Exchange has hit a 10-year low as retail investors continue their retreat from the local bourse.

According to the ASX’s latest share ownership survey — which is conducted every two years — the participation of Australians on the bourse fell from 38 per cent in 2012 to 36 per cent last year, with some 6.48 million people investing in shares or unlisted management funds.

The decline marks the tenth straight year that the proportion of people trading shares on the ASX has fallen.

Over the past decade, the total number of Australians investing in the sharemarket has dropped from a high of 50 per cent of adults — or 8.03 million — in 2004 to 6.48 million in 2014.

However, the study, which tested a sample of 6400 people from September to November, did not measure ownership through superannuation funds, apart from self-managed funds.

Even as the number of retail shareholders on the ASX continued to fall, investor appetite for overseas stocks increased with 13 per cent of investors holding stakes in offshore companies. That figure was up from 10 per cent in 2012.

The study also found that those with skin in the game generally maintained a positive outlook, with 54 per cent of direct investors optimistic about the sharemarket and likely to buy shares in the next 12 months.

“Among overall attitudes to share investing, the most widely held beliefs of direct investors were the need for a long-term outlook (55 per cent) and a disciplined approach (53 per cent),” the report said.

Indirect investing — where an investor owns shares and/or listed investments through unlisted managed funds outside of superannuation funds — fell faster than direct investing as shareholders looked to take full control of their investment options.

Total indirect ownership dropped from 32 per cent in 2004 to 10 per cent in 2014.

“A desire for control has driven direct-only investing. In 2014, there were 540,000 Australians who only invested indirectly, that is, in unlisted managed funds,” the report said. “The qualitative research revealed that many retail investors knew very little about managed funds. Conceptually, managed funds also lacked appeal to investors who wanted to learn about and be involved in their own ­investing. Thus, the trend towards direct investing is consistent with investors expressing their desire for more control over their port­folios.”

The survey found that as managed funds lost the visibility they once had in the marketplace, younger investors had decreased their use of such funds as affordable entry points to investing.

“The age profile of investors shows that 30 per cent of investors who only held indirect investments in 2014 were under 35,” the report said. “Clearly, some younger people may be using managed funds as their entry point into the sharemarket, but this strategy is less common than it could be.”

According to the report, investors typically entered the market in their late 20s or 30s. Among ­direct share investors, the age at which investing normalises was around 35 years. “Of all 35 to 44-year-olds, 35 per cent directly owned shares and other listed investments in 2014,” the report said. “This is a significant jump from the 28 per cent of 25 to 34 year-olds who are direct owners.”

(28-06-2015, 04:57 PM)CityFarmer Wrote: A widely discussed opinion from Mr. Ong, from MAS. The opinion is applicable to SGX, thus I post it here.

-------
"Achieving a Robust and Vibrant Securities Market" by Ong Chong Tee, Deputy Managing Director (Financial Supervision), Monetary Authority of Singapore.

http://www.mas.gov.sg/news-and-publicati...arket.aspx
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