The Singapore Exchange (SGX) will target organic growth rather than any international takeover, Financial Times reports. The move follows the SGX’s failed $9 billion takeover bid for the Australian Securities Exchange.
The exchange is planning to roll out the world’s fastest trading engine on August 14 as part of its plans to grow by improving its services. The SGX will start launching circuit breakers, pre-trading checks and other enhancements within six to eight weeks of the launch.
Click here for the story from Financial Times.