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8 things I learned from the 2021 SGX AGM
By The Fifth Person  •  October 11, 2021
Singapore Exchange (SGX) held its annual general meeting just last Thursday. As one of Singapore’s beloved blue-chip stocks and with a virtual monopoly on Singapore securities and derivatives trading (more exchange licenses in Singapore are unlikely to be granted anytime soon), SGX’s position is enviable. Despite that, concerns have sprung up regarding SGX’s ability to grow for the long term. SGX discontinued its MSCI equity index futures and options contracts (except for those under MSCI Singapore) when its licence agreements expired in February 2021, thus ending its 23-year partnership with the American finance company. And to heat things up, Hong Kong Exchange inked a deal with MSCI to launch derivatives for Asia and Emerging Markets. To marketplace operators like SGX, trading activity and its associated necessities (trade clearance and settlements, etc.) are its lifeblood. SGX’s own annual report shows this: Source: SGX Six months has passed since the ending the...
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By The Fifth Person
The Fifth Person believes in spreading a message that financial literacy and sound investment knowledge can help people around the world achieve financial independence and lead better lives for themselves and their loved ones.
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