Many investors would consider Singapore Exchange Limited (SGX: S68), or SGX, to be in an enviable position. After all, the bourse operator is the only stock exchange in Singapore, endowing it with a natural monopoly. SGX is also exposed to money flows from the Asian region, particularly China. This exposure is beneficial to the group as China is viewed as being the next emerging superpower. Source: Singapore Exchange Analyst Day Presentation Slides From the diagram above, the exchange is sitting in a “sweet spot” where it enjoys both growth and stability along with exposure to emerging opportunities. With its core business stable and contributing steady profit and free cash flow, SGX has the opportunity to seek growth through collaborations, joint ventures and acquisitions. New initiatives such as Climate Impact X, a collaboration with DBS Group (SGX: D05), Temasek Holdings and Standard Chartered Bank (LSE: STAN), open up interesting possibilities for the group...