Singapore: SGX enters bond trading, NUS-Microsoft partnership launches data science institute …
May 27, 2016: The SGX is expanding its presence and capabilities in bond trading, NUS is launching a data science institute in partnership with Microsoft and the CME Group has secured clearing house status from the MAS. SGX to push into bond trading amid IPO drought The Singapore Exchange (SGX) is seeking to grow its market share of secondary trading of foreign-currency bonds from Asian issuers to augment revenue. This comes as it endures a multi-year slump in initial public offerings (IPOs). In an interaction with The Business Times, Tsai Li Renn, head of fixed-income trading, disclosed that the SGX was recruiting more participants to its bond trading venue since its launch in December 2015. Based on Bloomberg data, there are an estimated $10.8 trillion worth of notes outstanding denominated…
Link to Full Article: Singapore: SGX enters bond trading, NUS-Microsoft partnership launches data science institute …
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