Singapore Exchange Ltd. (SGX) Heads West
Singapore Exchange Ltd. is making efforts to collaborate and invest in exchanges in the West and Mid-East. Just recently, they opened up offices in Beijing with hopes of fostering "closer working relationships with key stakeholders, including relevant Chinese authorities and SGX-listed companies," according to the Company. The Chief Executive of SGX, Hsieh Fu Hua, has said he expects the new listings of Chinese companies in Singapore to slow, prompting the desire to look outside of Asia for opportunities. In efforts to bolster the Asian market, SGX has bought a 5% stake in Bombay Stock Exchange, Ltd. for $47.5 million, which…