As the Asian financial center’s exchange SGX is aiming to ramp up its corporate bonds trading unit, the exchange has announced the selection of TradingScreen to deliver a platform solution to the growing segment.
Since the dawn of the global financial crisis, Asian companies have increased their use of bonds to cover their funding needs and added to existing channels such as bank borrowing. The booming issuance, which has increased the market by more than 400% since 2008, has benefited from favorable Liquidity conditions.
After recently announcing their first over-the-counter (OTC) liquidity venue dedicated to Asian Bonds ("SGX BT"), the Singapore Exchange (SGX) has picked TradingScreen to build its platform. TradingScreen has already been supplying its technology in Europe where it operates the Galaxy bond Trading Platform as a Multilateral Trading Facility (MTF).
While the bond markets of Hong Kong, Singapore and Korea are comparatively advanced and liquid, markets in China, India, Indonesia and Thailand are still at an early stage of development. The Singapore Exchange is aiming to add a new platform in order to boost its offering.
According to Deutsche Bank’s Research, “While fast growth in bond markets has provided an effective source of financing for the corporate sector, its development is far from complete. Corporate leverage and indebtedness have risen throughout the region, notably in China.”
“There is a structural imperative underpinning growth in corporate bond markets. Long-term projects increasingly require funding from the non-public sector, given the region’s demographic challenges, emerging middle classes and substantial needs in infrastructure and urban development, which cannot all be met via fiscal spending only,” the report concludes.
The amount of assets at institutional investors' disposal in Singapore surpasses 100% of GDP and, in these terms, Singapore is the leader in the Asian market.
The rapid development of the Asian bond market is now prompting an organized and efficient secondary market (OTC). However, meanwhile, increasing regulatory and capital adequacy requirements make it harder for the traditional secondary-market liquidity providers to meet the demand.
As a result, the market is searching for alternatives that could alleviate the liquidity and intermediation needs that have arisen. With the new technology, traders will be able to take advantage of a comprehensive Asian bond trading service.
TradingScreen's CEO, Philippe Buhannic, shared in the company announcement, "We are very pleased to be working with SGX, to launch a bond trading platform that will both respond to the current liquidity challenge and provide customers with additional choices and increased trading efficiency. We are looking forward to the development of the Asian bond market as one of the most important opportunities for the Buy Side community among the new tradable assets."
The President of the SGX added, "We were keen to invest in technology that would equip the region with a versatile platform addressing the peculiarities of bond trading within the Asian markets. TradingScreen as our technology platform provider will help us achieve this and will allow us to adapt to clients' needs in the coming years while providing the best trading service for bonds in Asia.”
The SGX signed a long-term contract with TradingScreen and pledged to continue working with the industry to deliver full end-to-end automation and to optimize the bonds trading experience for its clients.
Since the dawn of the global financial crisis, Asian companies have increased their use of bonds to cover their funding needs and added to existing channels such as bank borrowing. The booming issuance, which has increased the market by more than 400% since 2008, has benefited from favorable Liquidity conditions.
After recently announcing their first over-the-counter (OTC) liquidity venue dedicated to Asian Bonds ("SGX BT"), the Singapore Exchange (SGX) has picked TradingScreen to build its platform. TradingScreen has already been supplying its technology in Europe where it operates the Galaxy bond Trading Platform as a Multilateral Trading Facility (MTF).
While the bond markets of Hong Kong, Singapore and Korea are comparatively advanced and liquid, markets in China, India, Indonesia and Thailand are still at an early stage of development. The Singapore Exchange is aiming to add a new platform in order to boost its offering.
According to Deutsche Bank’s Research, “While fast growth in bond markets has provided an effective source of financing for the corporate sector, its development is far from complete. Corporate leverage and indebtedness have risen throughout the region, notably in China.”
“There is a structural imperative underpinning growth in corporate bond markets. Long-term projects increasingly require funding from the non-public sector, given the region’s demographic challenges, emerging middle classes and substantial needs in infrastructure and urban development, which cannot all be met via fiscal spending only,” the report concludes.
The amount of assets at institutional investors' disposal in Singapore surpasses 100% of GDP and, in these terms, Singapore is the leader in the Asian market.
The rapid development of the Asian bond market is now prompting an organized and efficient secondary market (OTC). However, meanwhile, increasing regulatory and capital adequacy requirements make it harder for the traditional secondary-market liquidity providers to meet the demand.
As a result, the market is searching for alternatives that could alleviate the liquidity and intermediation needs that have arisen. With the new technology, traders will be able to take advantage of a comprehensive Asian bond trading service.
TradingScreen's CEO, Philippe Buhannic, shared in the company announcement, "We are very pleased to be working with SGX, to launch a bond trading platform that will both respond to the current liquidity challenge and provide customers with additional choices and increased trading efficiency. We are looking forward to the development of the Asian bond market as one of the most important opportunities for the Buy Side community among the new tradable assets."
The President of the SGX added, "We were keen to invest in technology that would equip the region with a versatile platform addressing the peculiarities of bond trading within the Asian markets. TradingScreen as our technology platform provider will help us achieve this and will allow us to adapt to clients' needs in the coming years while providing the best trading service for bonds in Asia.”
The SGX signed a long-term contract with TradingScreen and pledged to continue working with the industry to deliver full end-to-end automation and to optimize the bonds trading experience for its clients.
Institutional FX Demand Continues to Climb in April
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.
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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
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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.
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#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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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
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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
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#fmas #fmas24 #fmevents #networking #finance #africa
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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.
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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
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#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.
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#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.
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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.
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