Singapore Exchange Ready to ‘Scale Up’ With Mergers, CEO Says
Bloomberg 2/18/2021 Ishika Mookerjee
(Bloomberg) Singapore Exchange Ltd. is exploring mergers and acquisitions to drive its ambitions as a multi-asset exchange.
The bourse has operations in place across asset classes and now will concentrate on bolstering them, Chief Executive Officer Loh Boon Chye said in an interview on Wednesday. That means seeking deals that bulk up the foreign exchange, fixed income, data and capital markets connectivity businesses. SGX had previously set a goal to have the fixed income, currencies and commodities segment, along with data, connectivity and indices, double revenues by about 2025. It may reach that goal before the initial target date, he said, adding the segments combined could account for 50% of revenue by then.
Feb 18 2021, 1:39 PM
February 18 2021, 8:57 AM
February 18 2021, 1:39 PM
(Bloomberg) Singapore Exchange Ltd. is exploring mergers and acquisitions to drive its ambitions as a multi-asset exchange.
(Bloomberg) Singapore Exchange Ltd. is exploring mergers and acquisitions to drive its ambitions as a multi-asset exchange.
The bourse has operations in place across asset classes and now will concentrate on bolstering them, Chief Executive Officer Loh Boon Chye said in an interview on Wednesday. That means seeking deals that bulk up the foreign exchange, fixed income, data and capital markets connectivity businesses. SGX had previously set a goal to have the fixed income, currencies and commodities segment, along with data, connectivity and indices, double revenues by about 2025. It may reach that goal before the initial target date, he said, adding the segments combined could account for 50% of revenue by then.
Middle-East Arab News and Opinion - Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities
London’s dominance of global interest-rate swap trading slipped, with U.K. trading venues’ share of the euro interest rate swap market plunging to 10% last month from nearly 40% in July, according to IHS Markit. In the same period, EU platforms’ market share increased to a quarter from less than 10%. Wall Street venues’ share doubled to 20%, while trades done off-venue remained relatively steady.
According to a separate analysis by Clarus Financial Technology, a financial-market data consultancy, U.S.-based interdealer platforms run by TP ICAP PLC and BGC Partners Inc. have benefited, while trading volumes have surged on Wall Street venues for European credit index trades.