The Singapore Stock Exchange is a major financial exchange in Southeast Asia, established in 1999 through a merger. It lists securities and derivatives, uses an electronic trading system, and has varying trading hours. It plays an important role in the Singapore and broader Asian economy.
The Singapore Stock Exchange, listed as SGX, is a financial exchange located in Singapore. It is one of the most prominent financial markets in Southeast Asia and plays an important role in the economy of the region. As with other financial exchanges, the Singapore Exchange publicly lists trade volume and trend information for the benefit of individuals interested in monitoring trading activity, and has a number of indices for various financial products used to assess the health of finance in the region. Financial news in regions outside of Asia often includes reports on the Singapore Stock Exchange for interested investors.
This exchange was established in 1999 with a merger between the Singapore International Monetary Exchange and the Singapore Stock Exchange. It lists both securities and derivatives, and within a decade of its establishment, it had nearly 800 listings. In 2000, the exchange made an initial offering and went public; Shares on the stock exchange are traded on the stock exchange itself. As the first Asian financial exchange to do this, the Singapore Stock Exchange established a foothold in the financial market and set a precedent.
An electronic trading system is used on this exchange to facilitate fast and accurate trades. Individuals interested in trading must apply and will need to meet the requirements set forth by the exchange. Similarly, companies must apply to be listed. This is designed to maintain the integrity of the exchange and increase trader confidence. People generally start trading on the market under the sponsorship of a company.
Trading hours on the Singapore Stock Exchange vary, depending on what type of products are involved. Securities and derivatives have different trading hours, and within the derivatives market, there are several different times for trading hours. Trading outside business hours is allowed for some types of products, which allows traders to keep up with developments in the global market and take favorable positions for the next trading day. Like other exchanges, the Singapore Exchange is closed on major holidays.
In addition to playing a prominent role in the Singapore economy, the Singapore Stock Exchange is also a force in the broader Asian market. Changes in trading can have a ripple effect, and company fortunes can rise and fall in response to how traders view them. Financial regulators monitor this and other exchanges for signs of questionable or illegal activity with the goal of identifying threats to the economy and addressing them before they fully develop.
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