Edition:
India

Singapore Exchange Ltd (SGXL.SI)

SGXL.SI on Stock Exchange of Singapore

7.41SGD
30 Sep 2016
Change (% chg)

$-0.03 (-0.40%)
Prev Close
$7.44
Open
$7.38
Day's High
$7.42
Day's Low
$7.36
Volume
3,042,900
Avg. Vol
1,814,486
52-wk High
$8.05
52-wk Low
$6.61

Latest Key Developments (Source: Significant Developments)

Singapore Exchange collaborates with member firms to address market misconduct
Wednesday, 28 Sep 2016 

Singapore Exchange Limited : Sgx Collaborates With Member Firms To Address Market Misconduct) . First initiative is trade surveillance handbook which aims to improve members understanding of what constitutes improper market conduct . Sgx regularly discusses with members any unusual trading behaviour . Subsequent dashboards will be released on a quarterly basis from january 2017. . Initiatives to detect and stop market misconduct, foster good trading practices and maintain fair and transparent marketplace . Launched two initiatives in collaboration with member firms . Second initiative is members surveillance dashboard .First dashboard will be released to members this week and will cover alerts generated from april to august 2016.  Full Article

Singapore Exchange announces retirement of Chew Choon Seng as Chairman
Thursday, 22 Sep 2016 

Singapore Exchange Limited: (Retirement Of Chairman And Non-executive Non-independent Director) .Retirement of chew choon seng as chairman and non-executive non-independent director.  Full Article

ICBC, Singapore Exchange sign MoU to enhance market links between China and Singapore<1398.HK><601398.SS>
Monday, 19 Sep 2016 

Industrial and Commercial Bank of China Ltd <601398.SS>: SGX and ICBC sign MoU to enhance capital market links between Singapore and China . Singapore Exchange (SGX) and Industrial and Commercial Bank of China Limited (ICBC) signed MoU . MoU to collaborate on a range of areas that will enhance links between Singapore and China's capital markets . Under the MOU, SGX and ICBC will work together to promote Singapore's capital markets . SGX, ICBC to explore collaboration in derivatives and bond trading of RMB denominated contracts listed on SGX . Support to include providing guidance on listing process & post-listing marketing support in China & Singapore .  Full Article

Singapore Exchange reports market statistics for August 2016
Wednesday, 7 Sep 2016 

Singapore Exchange Ltd : News release: sgx reports market statistics for August 2016) . For August securities daily average value (sdav) fell 11% month on month and fell 37% year on year to s$936 million . For August total derivatives volume was 13.8 million, up 7% month on month and down 19% year on year . Says for August commodities derivatives volume was 1.2 million, down 8% month on month . For August total securities market turnover value fell 2% month on month and fell 27% year on year to s$20.6 billion .  Full Article

Singapore Exchange sets up securities market Industry Working Group
Tuesday, 6 Sep 2016 

Singapore Exchange Ltd : News release: SGX sets up securities market Industry Working Group (IWG) . Singapore Exchange in consultation with Monetary Authority of Singapore (MAS) formed a Securities Industry Working Group . IWG will take into consideration findings from feedback garnered from members, participants as well as sgx's own investigations . IWG chaired by Ho Tian Yee, currently a board member of DBS Group Holdings and chairman of Fullerton Fund Management Co. Ltd . IWG to assess and make recommendations on SGX and industry participants processes . IWG is expected to complete its assessment and submit its recommendations to mas by 1Q2017 .IWG will take into consideration findings from SGX own investigations following the 14 July market disruption.  Full Article

Singapore Exchange anounces appointment of chairman
Monday, 29 Aug 2016 

Singapore Exchange Ltd : Appointment of chairman) . Announces appointment of Kwa Chong Seng as chairman .  Full Article

Singapore Exchange says Co,SGX Baltic Investments,Baltic Exchange enters implementation agreement
Monday, 22 Aug 2016 

Singapore Exchange Ltd : Proposed acquisition of the entire issued ordinary share capital of the Baltic Exchange . SGX, SGX Baltic Investments Pte. Ltd. (SBI) and the Baltic Exchange Limited have entered into implementation agreement . Says the Baltic Exchange expects the number of members to remain stable for the current financial year . Says acquisition is not expected to have a material impact on the financial position of the sgx for the current financial year . Members of the Baltic Exchange will nominate from among themselves eight (8) representatives on the Baltic Exchange Council . 100% of issued ordinary share capital of the Baltic Exchange will be acquired by SBI . Under the terms of the proposed acquisition, SGX and/or SBI will maintain the Baltic Exchange's headquarters in St Mary Axe, London . SGX and/or SBI will maintain the existing multiple clearing house model . SGX and/or SBI will maintain the Baltic Exchange's membership subscription fees and end user data fees at current levels for at least five (5) years . Baltic shareholders will be entitled to receive £160.41 in cash (cash price) per baltic share . Baltic shareholders will be entitled to receive £19.30 in cash as a final dividend (special dividend) per baltic share . SGX has received irrevocable undertakings from Baltic shareholders representing about 74% of Baltic shares to vote in favour of the proposed acquisition.  Full Article

Singapore Exchange says unit incorporated a wholly-owned subsidiary in Singapore
Monday, 22 Aug 2016 

Singapore Exchange Ltd : Incorporation of an indirect wholly-owned subsidiary) . Asian gateway investments pte. ltd, has incorporated a wholly-owned subsidiary in Singapore . Incorporation for the acquisition of the issued ordinary share capital of the Baltic Exchange Limited . Incorporation not expected to have any material impact on co's earnings per share and net tangible assets per share . Says name of new entity is SGX Baltic Investments Pte. Ltd .  Full Article

Singapore Exchange announces market statistics for July 2016
Monday, 8 Aug 2016 

Singapore Exchange Ltd : Sgx reports market statistics for July 2016) . July total securities market turnover value fell 7% month on month and fell 13% year on year to s$21.0 billion . Says July sgx commodities derivatives volume was 1.3 million, up 29% month on month and up 33% year on year . Says July total derivatives volume was 12.9 million, down 40% year on year .  Full Article

Singapore Exchange updates on bid for Baltic Exchange
Thursday, 4 Aug 2016 

Singapore Exchange Ltd : Singapore Exchange Limited (news release: SGX updates on its bid for the Baltic Exchange) . Deal for represents a total consideration of GBP77.6 million . Contemplated that Baltic shareholders will also receive from Baltic Exchange, at least GBP18.80 in cash as a final dividend per Baltic share . There is no assurance that exclusivity agreement signed on 25 May will lead to a definitive agreement . Agreed with Baltic Exchange to proceed with solicitation of support from shareholders of Baltic Exchange to acquire their share capital of Baltic Exchange .  Full Article