SGX

SGX - Singapore Exchange (SGX)

About the Singapore Exchange :

With Singapore now a leading financial center in the Asia-Pacific, the Singapore Exchange has become one of the premier exchanges in its region. The SGX has approximately 659 companies listed on its exchange, and has a market capitalization of $398.4 billion. It is a highly international exchange, with 40 percent of its market capitalization coming from foreign companies.
The SGX divides its company listings into the SGX Mainboard and the SGX SESDAQ. The Mainboard lists companies that meet certain requirements including market capitalization, pre-tax profits, and operating track record. The SESDAQ, on the other hand, is for newer companies and there are no quantitative requirements for listing. Companies listed on the SESDAQ may apply to be moved to the Mainboard if they have been listed for at least two years and meet the minimum quantitative requirements.

The Singapore Exchange is a fully electronic exchange, using the Central Limit Order Book (CLOB). Brokers place orders online and when a buy and sell order match, the system automatically executes the order and notifies the brokers. Trades that are not executed by the end of the day are terminated. Shares are typically traded in lots of 1000.

The Singapore Exchange is also well known for its trading in a variety of derivative securities via SGX-DT. It was the first exchange in Asia to offer equity index futures, and now offers the world's widest range of Asian index futures.

SGX - History of the Singapore Exchange :

The Singapore Exchange was created in 1999, when the Stock Exchange of Singapore (SES) and the Singapore International Monetary Exchange (SIMEX) merged into one. The SIMEX had been a futures exchange, started in 1984, while the SES had traded in stocks. At the end of 1998, the SES listed 307 companies and had a total market capitalization of S$263 billion. Before the merger, both companies were privately owned by the member firms of the exchanges.
In 2000, the Singapore Exchange became the first publicly held stock exchange in the Asia-Pacific, and listed its shares on its own exchange.