Singapore Exchange Extends South Asia Reach with Liaison Office in India
by
Adil Siddiqui
Asia's premier financial trading hub, Singapore, extends its regional reach with new office in Mumbai. SGX, the country's main financial trading bourse, opens up liaison office to strengthen ties with India.
Singapore’s main financial trading venue has reported that it has established a new liaison office in India's financial capital. The Singapore Exchange (SGX) extends its relationship with the BRICS nation in financial markets, which commenced over fourteen years ago. The current move highlights Singapore’s commitment to act as Asia’s global epicentre for banking and financial services.
Singapore Exchange’s liaison office will be headed up by Neena Prasad. The new office that is located in central Mumbai will pay a key role in bridging indian and Singapore financial markets. It will give local Indian firm’s the opportunity to explore capital raising opportunities at the multi-asset exchange.
Singapore has been receptive to Indian markets since the new millennium, in 2000 the exchange cooperated with the National Stock Exchange (NSE) to develop India's financial derivatives sector with the deployment of futures products on stock indices and single stocks. The SGX increased its foothold in India when it acquired a 5% minority stake in India’s oldest financial bourse, the Bombay Stock Exchange.
Magnus Böcker, CEO of SGX, commented in a statement: “The opening of our India Office re-affirms SGX's long-standing commitment to India. We will continue to strengthen our partnership with NSE as we grow the Nifty franchise internationally. As a stakeholder in BSE, we will support the exchange by bringing efficiency with new initiatives and IPOs.
At the same time, our India Office will enable us to better support Indian enterprises seeking to raise capital as India is one of the world’s fastest growing economies with significant funding needs to support its growth and development. We look forward to working with partners in India to assist companies in reaching out to the international investment community."
SGX’s office in India will provide information and act as a communication channel to support capital raising by Indian companies in Singapore. Such capital raising can be achieved via listing of stocks, bonds, Real Estate Investment Trusts, business trusts and/or depository receipts.
The news between the two countries relationship comes when the MNI Business Survey results show optimism in the indian business environment. The MNI India Business Indicator rose to 70.0 in July from 69.2 in June, led by increased optimism among construction and service sector companies.
China or India for Singapore? or Both?
Singapore recently became the world's’ third largest centre for currency trading, overtaking Tokyo, according to the 2013 BIS Triennial FX Survey. The rapid growth and progress seen by the country comes on the back of growing importance of two of Asia’s giant economies, India and China. Singapore has battled hard with rivals such as Hong Kong (for the China market) and Dubai (for the Indian market) to keep afloat of other centres. However, with India and China have differing needs, can Singapore meet the requirements of both centres?
Singapore is an established player in the market, its main exchange lists instruments from both markets, eg. FTSE China A50 or CNX Nifty. The exchange constantly expands its international offering, last year the firm entered the FX futures market with currency pairs from emerging markets eg INR and CNY.
Earlier this month, the exchange announced the set-up of a new Liquidity hub in Hong Kong to target mainland-China, thus signalling improved ties with regional rival, Hong Hong.
Singapore ticks all the boxes for firm’s looking to set-up a localised offering to target the domestic and wider Asia-market. Furthermore, its sound regulatory framework allows companies from developed markets to experience the same standards.
In a keynote address in March 2013, Singapore’s financial watchdog’s, the Monetary Authority of Singapore, Managing Director, Ravi Menon, pictured, commented about the country’s value proposition as a financial hub, he outlined four major positives the country has; smart Regulation, diverse ecosystem, pan-Asian focus; and deep talent pool.
Singapore’s main financial trading venue has reported that it has established a new liaison office in India's financial capital. The Singapore Exchange (SGX) extends its relationship with the BRICS nation in financial markets, which commenced over fourteen years ago. The current move highlights Singapore’s commitment to act as Asia’s global epicentre for banking and financial services.
Singapore Exchange’s liaison office will be headed up by Neena Prasad. The new office that is located in central Mumbai will pay a key role in bridging indian and Singapore financial markets. It will give local Indian firm’s the opportunity to explore capital raising opportunities at the multi-asset exchange.
Singapore has been receptive to Indian markets since the new millennium, in 2000 the exchange cooperated with the National Stock Exchange (NSE) to develop India's financial derivatives sector with the deployment of futures products on stock indices and single stocks. The SGX increased its foothold in India when it acquired a 5% minority stake in India’s oldest financial bourse, the Bombay Stock Exchange.
Magnus Böcker, CEO of SGX, commented in a statement: “The opening of our India Office re-affirms SGX's long-standing commitment to India. We will continue to strengthen our partnership with NSE as we grow the Nifty franchise internationally. As a stakeholder in BSE, we will support the exchange by bringing efficiency with new initiatives and IPOs.
At the same time, our India Office will enable us to better support Indian enterprises seeking to raise capital as India is one of the world’s fastest growing economies with significant funding needs to support its growth and development. We look forward to working with partners in India to assist companies in reaching out to the international investment community."
SGX’s office in India will provide information and act as a communication channel to support capital raising by Indian companies in Singapore. Such capital raising can be achieved via listing of stocks, bonds, Real Estate Investment Trusts, business trusts and/or depository receipts.
The news between the two countries relationship comes when the MNI Business Survey results show optimism in the indian business environment. The MNI India Business Indicator rose to 70.0 in July from 69.2 in June, led by increased optimism among construction and service sector companies.
China or India for Singapore? or Both?
Singapore recently became the world's’ third largest centre for currency trading, overtaking Tokyo, according to the 2013 BIS Triennial FX Survey. The rapid growth and progress seen by the country comes on the back of growing importance of two of Asia’s giant economies, India and China. Singapore has battled hard with rivals such as Hong Kong (for the China market) and Dubai (for the Indian market) to keep afloat of other centres. However, with India and China have differing needs, can Singapore meet the requirements of both centres?
Singapore is an established player in the market, its main exchange lists instruments from both markets, eg. FTSE China A50 or CNX Nifty. The exchange constantly expands its international offering, last year the firm entered the FX futures market with currency pairs from emerging markets eg INR and CNY.
Earlier this month, the exchange announced the set-up of a new Liquidity hub in Hong Kong to target mainland-China, thus signalling improved ties with regional rival, Hong Hong.
Singapore ticks all the boxes for firm’s looking to set-up a localised offering to target the domestic and wider Asia-market. Furthermore, its sound regulatory framework allows companies from developed markets to experience the same standards.
In a keynote address in March 2013, Singapore’s financial watchdog’s, the Monetary Authority of Singapore, Managing Director, Ravi Menon, pictured, commented about the country’s value proposition as a financial hub, he outlined four major positives the country has; smart Regulation, diverse ecosystem, pan-Asian focus; and deep talent pool.
EU Parliament Imposes €10,000 Cash Payment Limit in New Anti-money Laundering Legislation
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official
🐦 X (Twitter): https://twitter.com/financemagnates/
📡 RSS Feed: https://www.financemagnates.com/feed/
▶️ Telegram: https://t.me/financemagnatesnews
Don't miss out on our latest videos, interviews, and event coverage.
🔔 Subscribe to our YouTube channel for more!🔔
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official
🐦 X (Twitter): https://twitter.com/financemagnates/
📡 RSS Feed: https://www.financemagnates.com/feed/
▶️ Telegram: https://t.me/financemagnatesnews
Don't miss out on our latest videos, interviews, and event coverage.
🔔 Subscribe to our YouTube channel for more!🔔
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official
🐦 X (Twitter): https://twitter.com/financemagnates/
📡 RSS Feed: https://www.financemagnates.com/feed/
▶️ Telegram: https://t.me/financemagnatesnews
Don't miss out on our latest videos, interviews, and event coverage.
🔔 Subscribe to our YouTube channel for more!🔔
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official
🐦 X (Twitter): https://twitter.com/financemagnates/
📡 RSS Feed: https://www.financemagnates.com/feed/
▶️ Telegram: https://t.me/financemagnatesnews
Don't miss out on our latest videos, interviews, and event coverage.
🔔 Subscribe to our YouTube channel for more!🔔