SGX Expands in London
Singapore Exchange (SGX) Tuesday said it has established
a London office to better serve its growing number of
Europeanbased customers.
The London expansion follows SGX’s 3 June commitment
to invest S$250 million in its Reach initiative. Reach will
create the world’s fastest trading engine, establish a
world-class data centre and seamlessly connect trading
communities in Chicago, New York, Tokyo and London to
Singapore. These four hubs will radically lower cross-border
connectivity costs and make it even more attractive to be a
member of SGX.
“SGX’s presence in London marks a strong commitment to
our customers in meeting and responding to their needs.
Building connectivity and enhancing market accessibility will
strengthen our position as the market of choice for investors
wanting to participate in Asia’s rapidly-growing economies,
and for issuers seeking to access global capital markets,”
said Magnus Bocker, Chief Executive Officer of SGX.
The SGX London office is headed by Chief
Representative, David Battle. “Many of our customers are in
Europe and the US, and a London base enables SGX to reach out
to them and prospective clients as we roll out our Reach
initiative and facilitate participation in Asia’s growing
markets by a larger number of trading firms,” he said.