Financial Exchanges and Data

Bank of China and Singapore Exchange Sign MOU to Deepen Financial Cooperation

Singapore Exchange Reports 6% YOY Increase in Securities Market Turnover in April

Singapore Proposes Amendments to Securities and Futures Act to Harmonize Dual Listings

Singapore Exchange Invests in Building Technology Platform and Operational Capacity

Singapore Exchange Announces New Listing Rules for Dual Listing

SGX Sets Minimum Market Cap Requirement for GlobalList IPOs

Singapore Exchange to Implement New Listing Rules for Global Board

Nikkei Futures Open Down 140 Points on Singapore Exchange

Singapore Exchange Launches Public Consultation to Enhance Disclosure

Singapore Exchange Proposes Enhanced Financial Disclosure Requirements for Listed Companies

Singapore Exchange Reports Record High in March Derivatives and Securities Trading Volume

Singapore Proposes Revised Bill to Enhance Retail Investor Access to Prospectuses

Singapore Exchange and MAS Push for IPO Industry Diversity, Focusing on AI

BlackRock increases its stake in Singapore Exchange to 5%

Singapore Exchange Sees Total Securities Turnover of SGD 38.55 Billion in February

MAS Reviews Corporate Governance Code, May Introduce Mandatory Disclosures With SGX

SGX repurchases 200,000 shares

Singapore Exchange January Derivatives Trading Volume Reached 32.1 Million

Singapore Exchange January Stock Market Trading Volume Increased by 66% to 34.6 Billion Singapore Dollars

Singapore Exchange Reports H1 Net Income of S$357M

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The Singapore Exchange (SGX) reported a 6% year-on-year increase in total securities market turnover to S$43.2 billion in April, driven by strong retail participation in small and mid-cap stocks. The daily average value also rose 6% to S$2.1 billion. Derivatives volume increased by 1% to 30.2 million contracts. The Straits Times Index rose 0.6% to 4,912.69, while ETF assets surpassed S$20 billion, reflecting continued investor interest. Capital market activity saw significant growth, with secondary placements totaling S$1.75 billion in April.

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Steady trading across asset classes as SGX securities turnover rises 6% in April

The Monetary Authority of Singapore (MAS) is aligning its securities laws with overseas jurisdictions to facilitate dual listings on the Singapore Exchange (SGX) under the new Global Listing Board (GLB) framework with Nasdaq. This will allow firms to use a single prospectus for SGX-Nasdaq listings, reducing compliance costs. The amendments will also align Singapore's prospectus disclosure and listing timelines with US requirements, while maintaining enforcement powers and investor protections. MAS will coordinate with foreign regulators on cross-border misconduct cases, ensuring investors can seek recourse under the Securities and Futures Act (SFA).

- The Monetary Authority of Singapore (MAS) plans to align parts of its securities laws with foreign jurisdictions to facilitate dual listings on the Singapore Exchange (SGX) and NASDAQ.  
- MAS aims to support a new Global Listing Framework (GLB) to reduce compliance costs for companies seeking simultaneous listings.  
- The proposed changes will synchronize Singapore's prospectus disclosure requirements with U.S. standards while maintaining local enforcement powers and investor protections.

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MAS moves to align SGX rules for overseas dual listings

Proposed amendments to Singapore's Securities and Futures Act aim to harmonize securities laws for dual listings, facilitating partnerships between the Singapore Exchange (SGX) and foreign exchanges. Minister Chee Hong Tat highlighted that these changes will reduce compliance costs and enhance access to a broader investor base. The amendments will only apply when the dual-listing arrangement meets specific criteria, ensuring alignment with international standards. The initiative is expected to boost Singapore's equities market, attracting diverse issuers and increasing trading volumes, which have already shown positive momentum.

- A proposed amendment to the Securities and Futures Act in Singapore will empower the Monetary Authority of Singapore (MAS) to eliminate legal differences between Singapore and foreign jurisdictions regarding securities.  
- National Development Minister Desmond Lee explained that these amendments aim to simplify compliance costs for issuers looking to list on both the Singapore Exchange (SGX) and overseas markets.  
- The legislation is expected to enhance liquidity and diversity in Singapore's stock market, creating opportunities for service providers and offering investors broader options while maintaining law enforcement oversight.

MAS to ‘harmonise’ securities laws to facilitate dual listings under new Bill

Singapore Exchange (SGX) has rejected allegations from Mercuria Energy Trading S.A. regarding its subsidiary, Baltic Exchange Information Services Limited, failing to produce the TD3C benchmark properly. Mercuria claims to have incurred losses in the “hundreds of millions” due to the continued publication of the TD3C index amid the conflict in the Gulf. SGX stated that the Baltic Exchange operates under established governance and will defend against Mercuria's lawsuit, which seeks to compel changes to these processes.

SGX backs Baltic Exchange in Mercuria lawsuit over crude tanker index

On May 4, several companies are in focus: Singapore Exchange (SGX) faces a lawsuit from Mercuria Energy Group over alleged losses linked to shipping rate distortions. SGX shares rose 1.9% to S$21.70. Nio, the Chinese EV maker, reported 29,356 vehicle deliveries in April, a 22.8% increase year-on-year, but down from March's 35,486. Nio's shares fell 5% to US$6.30 on SGX.

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Stocks to watch: SGX, Nio, Mapletree Logistics Trust, Parkway Life Reit, Vin’s Holdings

Mercuria Energy Group is suing the Baltic Exchange, owned by SGX, claiming losses in the hundreds of millions due to distortions in oil shipping benchmarks. The dispute highlights the impact of the Strait of Hormuz's near-closure on the freight market. The TD3C rate, crucial for tanker contracts, has surged to $600,000 daily, causing turmoil for traders. SGX denies the allegations, asserting the Baltic Exchange adheres to governance frameworks. Mercuria argues the rate no longer reflects the market, leading to extreme volatility and disruption in pricing.

SGX-owned Baltic Exchange sued over alleged losses due to oil tanker pricing

A legal claim from Mercuria Energy Group against the Baltic Exchange highlights issues in the multibillion-dollar freight market, particularly regarding oil shipping rates from the Middle East to China. Mercuria alleges losses due to distortions in the TD3C benchmark, which is crucial for setting tanker contract rates. The Baltic Exchange, owned by SGX, insists it adheres to governance frameworks. The case underscores the impact of geopolitical disruptions on global shipping and the volatility in pricing caused by the ongoing situation in the Strait of Hormuz.

Oil tanker pricing feud embroils centuries-old London market

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