Shares of Singapore Exchange rose as much as 3.2% after the bourse operator outlined moves to open trading hubs in Chicago and London.
“SGX's initiative is in the right direction in generating trading interest. Chicago and London are areas where they can reach out to more foreign investors,” said Leng Seng Choon, co-head of research at DMG & Partners Securities.
SGX shares were up 3% at $7.11, after hitting the highest intra-day level since March 6. SGX shares were among the top 10 traded stocks by value in a strong broadermarket.
SGX and Eurex are also teaming up to link certain facilities or data centres to provide participants connectivity to each other's markets in Singapore and Frankfurt/Main.
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