Singapore Exchange (SGX) is a stock exchange based in Singapore, Singapore. The acronym or abbreviation for this market is SGX. This page contains information on the trading hours, market holidays, contact information and more.
Singapore Exchange is located in the country of Singapore.
The main currency of Singapore Exchange is SGD. It's symbol is $.
The Dynamic and Ever-Growing Singapore Exchange
The Singapore Exchange, also known as SGX, is a globally recognized and leading disciplined institutional marketplace. It is one of Asia's top financial centers, offering a robust suite of products and services to various international investors, trading participants, and enterprises.
Established in 1999, SGX is a publicly traded company that operates as a national stock exchange of Singapore. SGX's varied and dynamic product ecosystem includes equities, commodities, fixed income, and currency derivatives. Serving over 1,000 international bodies and companies from different tranches of society, SGX is a gateway to Asia, enabling traders and investors to access some of the rapidly growing economies in the Asia-Pacific region.
History of Singapore Exchange
Singapore's journey towards becoming a global business hub began in the late 19th century. Initially, it served as an essential trade port in the world, with its strategic location and bustling maritime operations. However, after the Second World War, Singapore's economic fortunes began to shift. With the help of the government, Singapore started to channelize its focus on developing the financial sector, and establishing a national stock exchange was an essential part of it.
Singapore Exchange Limited (SGX) was formed following the merger of two separate entities: the Stock Exchange of Singapore (SES) and the Singapore International Monetary Exchange (SIMEX). The SES was established in 1973, while SIMEX was founded in 1984 with an aim to create an Asian financial center. Together, the two exchanges now serve as a vital part of Singapore’s economy.
The early years of SGX were marked by rapid growth alongside the country's economic expansion. In 2010, SGX acquired the Singapore Commodity Exchange (SICOM), which provides a platform for trading in rubber, coffee, and other related products. In the years that followed, SGX continued to expand its reach, both through organic growth and acquiring other financial institutions.
Singapore Exchange Today
Today, SGX is one of the most innovative and dynamic exchanges in the world, facilitating integrated and efficient capital markets. It is a pillar of strength in Singapore's financial ecosystem, attracting companies from diverse sectors, such as technology, healthcare, consumer electronics, and more.
SGX is known for its robust and dynamic trading system, which provides traders with seamless trade execution and reliable market data. SGX is also a pioneer in launching various financial products, including a dual currency trading system, IPO funds and REITs, currency futures and options trading, and equity index futures and options, to name a few.
Singapore Exchange's success has been attributed to its unique mix of regulatory framework, technological advancements, and disciplined approach to marketplace management. The combination of these factors has enabled the exchange to maintain its position as a leading institutional marketplace, especially in the Asia-Pacific region.
In conclusion, the Singapore Exchange is an essential financial institution in Singapore and the Asia-Pacific region, thanks to its strategic location, regulatory framework, technology, and discipline. It has grown rapidly since its inception, and today it stands as an innovator in the industry, providing traders and investors with the opportunity to leverage the region's economic growth potential. With the continued support of its stakeholders, the Singapore Exchange is set for more impressive transformations and growth in the future.
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