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Friday, November 14, 2008

Singapore Exchange Limited (SGX)

Singapore Exchange Limited (SGX) is Asia-Pacific's first demutualised and integrated securities and derivatives exchange. The merger of the Stock Exchange of Singapore (SES) and the Singapore International Monetary Exchange (SIMEX) resulted the formation of Singapore Exchange Limited and this institution was inaugurated on 1st December 1999. SGX became the first exchange in Asia-Pacific to be listed via a public offer and a private placement on 23rd November 2000. The SGX stock is a component of benchmark indices such as the MSCI Singapore Free Index and the Straits Times Index. It is very difficult to compare the trading of sgx with nifty.

The exchange has also been attracting foreign investors towards its listings besides the domestic investors. SGX has been emering one of best exchages in the Asia-Pacific's. Recently, Singapore Exchange (SGX) on Thursday has issued a consultation paper seeking public feedback for a permanent penalty framework for failed share delivery. The exchagnes like SGX Nifty are also affected due to the global meltdown. The trading at sgx nifty are traded low during the slowdown.

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