Singapore Exchange (SGX)

Singapore Exchange Limited (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.[http://info.sgx.com/SGXWeb_CORPCOM.nsf/newDOCNAME/Background_On_SGX] As of 31 December 2007, the Singapore Exchange had 762 listed companies with a combined market capitalization of $539 billion.Number of Listed Companies and Total Market Cap, Category: Wikinvest - :Singapore Exchange|Singapore Exchange page on Wikinvest The revenues of Singapore Exchange are mainly from the securities market (72%) and derivatives market (28%).

Singapore Exchange Limited has achieved the highest 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. 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.