Search Results for: Singapore Exchange
High-Frequency Fight Starts in Foreign Exchange
April 17th, 2014
Foreign-exchange dealers say they have the solution to the high-frequency trades eroding banks’ profits across financial markets. A currency-dealing platform known as ParFX, established in 2011 by firms from Deutsche Bank AG to Citigroup Inc., was approached last month ...
UBS Said to Suspend FX Traders in New York, Zurich and Singapore
March 27th, 2014
UBS AG suspended foreign-exchange traders in the U.S., Singapore and Switzerland as its investigation into the alleged rigging of currency markets widened, according to a person with knowledge of the matter. They include Onur Sert, an emerging-markets spot trader ...
SGX reports 3Q FY2017 net profit of $83 million
April 21st, 2017
3Q FY2017 Financial Summary – Revenue: $203 million, down 2% from a year earlier – Operating profit: $103 million, unchanged – Net profit: $83 million, down 7% – Earnings per share: 7.8 cents, down 7% – Interim dividend per ...
SGX consults on proposed equities market structure adjustments
March 8th, 2017
Singapore Exchange (SGX) is consulting the public on proposed adjustments to the equities market structure aimed at addressing market conditions, while balancing the diverse objectives and interests of different segments of participants in the market ecosystem. The three proposed ...
Oil prices under pressure after historical high for U.S. crude stocks
March 2nd, 2017
Oil prices fell further Thursday, depressed by the latest pick up in U.S. crude stockpiles and production. On the New York Mercantile Exchange, light, sweet crude futures for delivery in AprilCLJ7, -0.33% traded at $53.54 a barrel, down 29 ...
SGX consults public on dual class share structure
February 20th, 2017
Singapore Exchange (SGX) is consulting the public on whether a dual class share (DCS) structure where certain shares have higher voting rights than others, should be introduced and if so, what safeguards might be appropriate. DCS structures may be ...
SGX welcomes Samurai 2K Aerosol to Catalist
January 16th, 2017
Singapore Exchange (SGX) today welcomed Samurai 2K Aerosol Limited (“Samurai 2K”) to Catalist under the stock code “1C3”. Established in 1997, Samurai 2K is a Malaysia-based aerosol coating specialist with a focus on high performance coating solutions for the ...
MAS, R3 and Financial Institutions experimenting with Blockchain Technology
November 16th, 2016
The Monetary Authority of Singapore (MAS) today announced that it is partnering R3, a Blockchain technology company, and a consortium of financial institutions on a proof-of-concept project to conduct inter-bank payments using Blockchain technology. This project could potentially avail ...
CFTC Expands Interest Rate Swap Clearing Requirement
September 29th, 2016
The U.S. Commodity Futures Trading Commission (Commission) today expanded the existing clearing requirement for interest rate swaps. The Commission voted unanimously to approve an amendment to Commission regulation 50.4(a) that establishes a new clearing requirement determination. The new clearing ...
SGX is closer to allowing dual-class shares
August 30th, 2016
The Singapore Exchange is one step closer to allowing dual-class share structures following a vote in their favour by the Listings Advisory Committee (LAC). A dual-class share structure could help attract high-quality companies that may not otherwise consider Singapore ...
