singapore stock exchange

Singapore ExchangeSingapore Exchange Limited SGX: S68 (SGX) is the stock exchange in Singapore. SGX was formed on December 1, 1999, following the merger of two established and well-respected financial institutions - the Stock Exchange of Singapore (SES) and the Singapore International Monetary Exchange (SIMEX). It is the Asia-Pacific's first demutualised and integrated securities and derivatives exchange.[1] As of 31 December 2007, the Singapore Exchange had 762 listed companies with a combined market capitalization of $539 billion.[1] The revenues of Singapore Exchange are mainly from the securities market (72%) and derivatives market (28%).
Singapore Exchange Limited has achieved the highest[clarification needed] quarterly profit since its listing in 2000. SGX posted a profit of over $200 million which represents more than double growth of 2007 corresponding period. The strong results were achieved on the back of robust securities trading driven by high volatility and liquidity in the markets.[citation needed] Its Futures and Options market saw also another record year in 2007. SGX’s derivatives volume exceeded 44 million contracts, surpassing its previous annual record volume in 2006 by 21%. The strong increase in overall volumes was fuelled by soaring growth in some of its key contracts including the Nikkei 225, MSCI Taiwan and the MSCI Singapore Index Futures contracts, which also hit new record highs this year.[citation needed]
Companies listed on Singapore ExchangeAs at 29 June 2007, there were 722 listed companies on the Singapore Exchange with a market capitalisation of SGD$773 billion.[3]
The performance of the stocks listed on the Singapore Exchange has traditionally been measured by the Straits Times Index. In January 2008, the SGX scrapped its existing index methodology and chose FTSE to manage its index business. The introduction of such indices has been poorly implemented in the indices themselves are no longer displayed on the SGX web site, and they are no longer supplied on their live data feeds to brokers.[4][5] This has resulted in the most active brokers being unable to supply any index prices to their trading customers. Even the SGX are confused since they announced live values for the new indices would be reported on their web site[6] but are nowhere to be found.[7]References^ Number of Listed Companies and Total Market Cap, Singapore Exchange page on Wikinvest ^ Market Hours, Singapore Exchange via Wikinvest ^ Singapore Exchange Limited Annual Report 2007 ^ New Singapore stock index hitch frustrates traders, Reuters, January 10, 2008. ^ STI relaunched, but where's the data?, Cheow Xin Yi and Esther Fung, Channel NewsAsia, January 11, 2008. ^ SPH, SGX and FTSE launch revamped Straits Times Index and new FTSE ST Index series, Singapore Exchange, January 10, 2008. ^ SGX Real-time Live Index values. Singapore Exchange.