1) The Singapore Exchange (SGX) operates the stock market in Singapore, listing and trading stocks of over 700 companies with a total market capitalization of $650 billion. 2) SGX was formed in 1999 through the merger of Singapore's existing stock, futures, and options exchanges. It has since expanded through acquisitions and opening representative offices in other financial centers. 3) In addition to its core functions of facilitating stock trading, SGX also oversees derivatives and commodities markets, and has strategic investments in other Asian stock exchanges to boost regional connectivity.

1. STOCK MARKET IN SINGAPORE
By ,
D.Preethika.

2. STOCK MARKET – AN INTRODUCTION
A stock market or equity market is a public entity (a loose network
of economic transactions, not a physical facility or discrete entity)
for the trading of company stock (shares) and derivatives at an
agreed price; these are securities listed on a stock exchange as well
as those only traded privately.
The stocks are listed and traded on stock exchanges which are
entities of a corporation or mutual organization specialized in the
business of bringing buyers and sellers of the organizations to a
listing of stocks and securities together.
Market participants include individual retail investors, institutional
investors such as mutual funds, banks, insurance companies and
hedge funds, and also publicly traded corporations trading in their
own shares.

3. SINGAPORE STOCK EXCHANGE (SGX)
Singapore Exchange Limited is an investment holding company located
in Singapore and provides different services related to securities and
derivatives trading and others. SGX is a member of the World Federation
of Exchangesand the Asian and Oceanian Stock Exchanges Federation.
FORMATION OF SGX
SGX was formed on 1 December 1999 as a holding company. The share
capital of some former exchange companies, namely Stock Exchange of
Singapore (SES), Singapore International Monetary Exchange (Simex)
and Securities Clearing and Computer Services Pte Ltd (SCCS) was
cancelled and new shares issued in these companies were fully paid up
by SGX. In this way, all assets previously owned by these three
companies were transferred to SGX. The shareholders previously
holding shares in SES, Simex and SCCS received newly issued SGX
shares.

4. Representative Office
On 18 April 2008, SGX opened a representative office in Beijing.
On 8 June 2010, SGX announced it has opened an office in
London.This is part of SGXs move to invest S$250 million into its
Reach initiative.
By implementing this initiative, SGX plans to create the world's
fastest trading engine and a data centre as well as further
connecting trading communities in the world to Singapore. The new
trading platform, SGX Reach, will be delivered to SGX by NASDAQ
OMX, Voltaire and HP.This platform is based on GENIUM, a trading
platform developed by NASDAQ OMX.

5. SALIENT FEATURES
• Acquisition
 In March 2007, SGX bought a 5% stake in Bombay Stock
Exchange for 42.7 million dollars.
On 15 June 2007, Tokyo Stock Exchange, Inc. announced that it
had acquired a 4.99% stake in SGX. Since then the value of the
shares has declined and the Tokyo Stock Exchange, Inc. has made
a decision to sell the shares it holds in SGX to its parent company,
the Tokyo Stock Exchange Group, Inc.
On 31 January 2008, SGX acquired a 20% stake in Philippine
Dealing System Holdings Corp, which has become an associated
company of SGX.
 On 30 June 2008, SGX completed the acquisition of Singapore
Commodity Exchange Ltd (SICOM), which now is a 100%
subsidiary.

6. SALIENT FEATURES – CONTINUED
• Second Listed Exchange in Asia-Pacific
On 23 November 2000, SGX became the second
exchange in Asia-Pacific to be listed via a public
offer and a private placement (Australian Securities
Exchange was listed in 1998). Listed on its own
bourse, the SGX stock is a component of
benchmark indices such as the MSCI Singapore
Free Index and the Straits Times Index

7. TRADING SYSTEM
SGX Securities Trading provides a sound and efficient
trading infrastructure that enables Member Companies easy
and reliable access into its securities market. There are
three channels to trade securities in SGX, namely, via
SGXAccess, Singapore Exchange Securities Order Processing
System (SESOPS) and Virtual Terminal Interface (VTI). Orders
are routed through one of these accesses to the central
trade matching engine, known as the Central Limit Order
Book (CLOB), for the matching of trades before such
information is transmitted to the CDP clearing and
settlement systems.

8. FINANCIAL PERFORMANCE
• As of 31 January 2010, SGX had 774 listed companies with a
combined market capitalisation of S$650 billion. The revenues
of SGX are mainly from the securities market (75%)
and derivatives market (25%).
•SGX reported a net profit of $165.8 million for the first half of
its financial year 2010. Excluding non-recurring items, net
profit was 7% higher compared to 1H FY2009 ($159.2 million).
In the second quarter of the financial year 2010, excluding the
non-recurring items, net profit of $77.0 million was 3% higher
than a year ago. Operating revenue increased 6% to $324.0
million (1H FY2009: $304.9 million).