What is the Singapore Exchange?
The
hitchhiking in Singapore was established in 1973, when the Stock Exchange in Malaysia and Singapore (SEM) was breakfast, because both countries no longer accepted currencies. Two resulting stock exchanges were Singapore and Kalaly Exchange. On December 1, 1999, the Singapore Bank joined the Singapore's International Monetary Burta (SIMEX), which traded with futures to become a Singapore stock exchange (SGX).
In the 70s, the Singapore Government identified as a potential area of growth to further strengthen the Singapure economy. The country had a strategic location and a strong and open economy with a well -developed infrastructure. As a result of fiscal conservative government controls, Singapore was the third most important Asian financial center in the 80s, with 9 percent of the workforce employment.
Despite its strengths, in December 1985, The Singapore Bank crashed. In 1986, the Council of the Securities Industry was created to help the government maintain stricter control over OBwalking with securities. Competitive, rapidly changing global markets were more difficult to navigate. In October 1987, the Stock Exchange has suffered another failure when the markets around the world collapsed at the same time. It took another four years for the financial markets to recover and regain their previous success.
Thetracking Singapore Stock Exchange has concluded agreements with the United States' Securities Association (NASDAQ) to support trading between the two markets. Tax incentives and shifting towards the automation of the business process have continued to recover the markets. The tracking Singapore Exchange has begun to expand into futures trading through negotiations with Simex, who has just associated with Chicago trade exchange to facilitate trading.
Until 1998, the Singapore Stock Exchange contained 307 securities and included $ 196 billion in US dollars (USD). GLobby trends towards increasing the liquidity and demutualization of markets have led to the decision to merge with the Singapore's International Monetary Exchange, which has been trading with futures since its foundation in 1984. Before demutualization, the tendency to perform the shareholders' instead of generally favored the interests of the broker members. The newly created Singapore Stock Exchange would be competitive with other world markets that recently passed ownership of the stock exchange to shareholders.
To facilitate merger, the Government passed the Merger Act so that the requirements of the members have to approve the decision affecting the merger. In addition, the Mergers Act gave the Singapore (LAG) monetary authority great power over officials and procedures until the merger was completed. As a result of the merger, the newly created Singapore Stock Exchange became the first integrated, demutualized exchange in the Asian -Pacific region, which further strengthened the position of Singapore as the main Asian financial center.