Published: June 27, 2011
SGX: Banks to Provide Market Making and Brokers to support Trading of Singapore Government Bonds
Singapore, June 27, 2011 - (ACN Newswire) - Singapore Exchange (SGX) said individual investors can expect transparency in price discovery and competitive trading costs of Singapore government bonds (SGS bonds) when they start trading on SGX from 8 July 2011.
SGX said market makers will be available to increase liquidity and make it easier for individual investors to buy and sell SGS bonds. The liquidity providers include seven out of 13 Singapore Government Securities (SGS) Primary Dealers, which have committed to provide two-way prices for the 19 SGS bonds traded on SGX. These are DBS, Deutsche Bank, HSBC, OCBC Bank, Standard Chartered Bank, The Royal Bank of Scotland (RBS) and United Overseas Bank Limited.
With the participation of these SGS Primary Dealers, who are specialist intermediaries in the SGS and Singapore Dollar money markets, investors can be assured of competitive and transparent SGS bond prices on SGX. Investors will be able to check the prices of all SGS bonds traded on SGX from 8 July via "Live Prices" on www.sgx.com/fixedincome/sgs.
In addition, majority of the retail brokers, who support trading activities by individual investors, have committed to offer competitive brokerage rates on SGS bonds traded on SGX.
SGX is organizing educationalseminars for investors who are interested to know more about how to buy and sell SGS bonds or fixed income securities on the Exchange. Investors may visit www.sgx.com/academy to register for these free seminars.
Please refer to www.sgx.com/fixedincome/sgs for comprehensive information on SGS bonds traded on SGX.
About Singapore Exchange (SGX)
Singapore Exchange (SGX) is among the world's largest exchanges and Asia's second largest listed exchange. As the Asian gateway, SGX is the market of choice for investors wanting to participate in Asia's vibrant and rapidly growing economies, and for Asian issuers seeking international capital.
SGX's extensive suite of securities, derivatives and commodities products makes it Asia's most international exchange. SGX's services range from listings, trading, high-speed market access, clearing and settlement to depository services and Central Counter Party services for OTC traded derivatives. With the region's longest trading hours, and powered by cutting-edge technology, SGX is the unparalleled conduit for investment flows into and out of Asia. For more information, please visit www.sgx.com
Source: Singapore Exchange (SGX)
Contact:
Loh Wei Ling
Communications
Tel: +65 6236 8157
Email: Loh.WeiLing@sgx.com
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