SGX hires MAS director for financial chief role
Chng Lay Chew will step down as CFO at SGX after nine years with the exchange, and will be replaced by Ng Yao Loong in October.
Chng Lay Chew will step down as CFO at SGX after nine years with the exchange, and will be replaced by Ng Yao Loong in October.
Surveillance of markets at SGX will be upgraded to include AI allowing the exchange to filter out noise and hone in on potential unusual trading activity.
Deal marks important step in the evolution of the index business at SGX, according to the exchange group’s chief Loh Boon Chye.
The partnership between HSBC, SGX and sovereign wealth fund Temasek marks the first end-to-end digitisation effort focusing on the Asian bond markets.
The addition of INTL FCStone brings SGX’s total derivatives trading members to 62, and clearing members to 25.
SGX and Nasdaq have had a long-standing technology partnership dating back to 2003.
Growing trend towards independent research leads SGX to make strategic investment in research platform provider Smartkarma.
Lee Beng Hong will join SGX in August, as Michael Syn is appointed head of equities under the new business structure.
'Trade at close' will allow SGX market participants 10 minutes to execute orders at the closing auction price.
BidFX, a subsidiary of TradingScreen, will use the funds to expand its reach among the institutional investor community.