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Post by oldman on Feb 24, 2015 19:12:42 GMT 7
SGX CEO Bocker leaving end June
The SGX Board of Directors wishes to announce that Mr Magnus Bocker, the CEO, has notified that he is not seeking extension of his appointment beyond his current contract, which will be completed on 30 June 2015. He has been the CEO of SGX since 1 December 2009.
The Board is moving forward with its CEO succession plan and is assessing internal and external candidates on a short list. The Board has engaged the global executive search and leadership advisory firm Spencer Stuart to facilitate the process.
Mr Bocker said, “It has been an honour to lead the extraordinary people at SGX for more than half a decade. I am proud of our accomplishments in expanding SGX both in Singapore and internationally, especially for Asian equity index derivatives. But there is a time and season for everything, and it is now time for me to take on new challenges. I am confident that what we have built at SGX will endure and continue to serve the market well.” SGX Chairman Mr Chew Choon Seng said, “The Board understands Magnus’ considerations and respects his decision. We appreciate and thank Magnus for his contributions and leadership over an eventful and rapidly changing period, and wish him the best in his future endeavours. We will work towards a smooth leadership transition.”
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SGX
Mar 6, 2015 14:36:57 GMT 7
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Post by zuolun on Mar 6, 2015 14:36:57 GMT 7
BAML departure fuels talk of SGX switch ~ 5 Mar 2015 The Power List 2013: Magnus Bocker ~ The Singapore Exchange has renewed its contract with CEO Böcker, who has been instrumental in introducing initiatives that help keep Singapore relevant as a financial hub. The new deal runs to the end of June 2015 and gives him a fixed base salary of $1 million per year. In July last year, SGX signed an MOU with the London Stock Exchange to allow cross-border trading of the most actively traded stocks on both exchanges; shortly after, it enhanced investors’ access to the India market with the launch of Nifty options. A month later, SGX bought a 49 percent stake in the Energy Market Company, marking its entry into the energy sector. Meanwhile, the Asean Trading link being established by seven Southeast-Asian stock exchanges (to allow buying and sharing of shares across connected markets) has gone live: SGX was linked with Bursa Malaysia (in September) and the Stock Exchange of Thailand (in October). SGX CEO Bocker leaving end JuneThe SGX Board of Directors wishes to announce that Mr Magnus Bocker, the CEO, has notified that he is not seeking extension of his appointment beyond his current contract, which will be completed on 30 June 2015. He has been the CEO of SGX since 1 December 2009. The Board is moving forward with its CEO succession plan and is assessing internal and external candidates on a short list. The Board has engaged the global executive search and leadership advisory firm Spencer Stuart to facilitate the process. Mr Bocker said, “It has been an honour to lead the extraordinary people at SGX for more than half a decade. I am proud of our accomplishments in expanding SGX both in Singapore and internationally, especially for Asian equity index derivatives. But there is a time and season for everything, and it is now time for me to take on new challenges. I am confident that what we have built at SGX will endure and continue to serve the market well.” SGX Chairman Mr Chew Choon Seng said, “The Board understands Magnus’ considerations and respects his decision. We appreciate and thank Magnus for his contributions and leadership over an eventful and rapidly changing period, and wish him the best in his future endeavours. We will work towards a smooth leadershiptransition.”
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SGX
Apr 15, 2015 22:38:03 GMT 7
Post by sptl123 on Apr 15, 2015 22:38:03 GMT 7
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Post by zuolun on Jun 9, 2015 11:51:39 GMT 7
SGX names veteran banker Loh Boon Chye as its new CEO ~ 9 Jun 2015 Mr Loh began his career as an investment officer at the Monetary Authority of Singapore, and was at the Singapore branch of Morgan Guaranty Trust Co of New York and Deutsche Bank before joining Bank of America Merrill Lynch in December 2012.
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SGX
Jul 14, 2015 6:15:50 GMT 7
oldman likes this
Post by zuolun on Jul 14, 2015 6:15:50 GMT 7
Agreed, Zuolun. Consolidation is even worse for stocks that are already illiquid. I will not be surprised that in the years after the consolidation, the management will then take the company private at a significant discount to asset value and quote the lower trading volume as one of the main reasons...... oldman, Share consolidation is a brilliant way to solve SGX's long term problem — Get rid of underperformed stocks, at the expense of small retail investors Based on United Food's chart pattern and its major SSHs stakes in the company; its share price may collapse much further down due to illiquidity.United Food: Total Market Cap. at S$20.3m ~ 2nd July 2015 Singapore banker faces uphill battle in boosting SGX trading ~ 13 July 2015 Will SGX’s lucrative A50 volumes crash along with the Chinese market? ~ 9 July 2015 SGX has just lost its biggest IPO this year in Manulife US REIT: What’s next? ~ 6 July 2015 SGX market activities up in June ~ 6 July 2015 Conditions in Singapore’s equities market have worsened despite many SGX initiatives By Tng Kim Bock 8 July 2015 After reading the letter “Achieving a robust and vibrant securities market” by Ong Chong Tee of the Monetary Authority of Singapore (BT, June 26), trading representatives (TRs) cannot help but feel that it will be business as usual in the equities market here even with a new CEO at the Singapore Exchange (SGX). Mr Ong asked whether “Singapore as an international financial centre can afford not to have continuous all-day trading (CAT) as major markets including the US, the UK, Australia and Europe” have CAT. Hong Kong is a major market without CAT. There are also markets with CAT that would not be considered major markets. CAT facilitates high frequency trading (HFT). When TRs ask for the return of the lunch break, they are not talking about food and networking; they seek a more level playing field for the man in the street. HFT is disruptive, can be destructive and does not contribute to a healthy capital market. It takes no view of company fundamentals and is predatory. Its activities can alter the landscape of individual stocks and real businesses, and hence the market. It can seriously affect portfolio management. Mr Ong seems to think that many TRs are still living in the Stone Age. TRs do understand how advances in technology have facilitated HFT. In the Stone Age, HFT could have been regarded as creating false markets. Does technology legitimatise these actions? On another front, SGX constantly emphasises success in its derivatives business in response to criticisms regarding the equities market. In doing so, SGX fails to recognise that promoting derivatives trading does nothing for the building of a real bricks-and- mortar economy. Derivatives were created for hedging. So it is a means to an end, like insurance, to protect an underlying asset. Used in that respect, they are valuable tools for portfolio management to mitigate risk. The reality, however, is that derivatives are more often used as an end in itself. The 2008 financial crisis clearly demonstrated this. In this respect, the trading of derivatives is nothing more than betting, thereby amplifying volatility on the underlying asset instead of reducing it. The stock market needs to return to its original objective of providing an important avenue for companies to raise capital and where trading of stocks reflects real demand and supply. It cannot function as a betting centre. The facts speak for themselves. Conditions in the Singapore equities market have clearly deteriorated despite many SGX initiatives. Half the stocks in the Straits Times Index are trading at March 2009 to September 2010 levels. Unlike other major markets, many of our stocks have descended to levels not seen since March 2009, the lowest point of the 2008 financial crisis. Fellow TRs and their clients are now driven to other markets for opportunities that they cannot find in the Singapore market. If our stock market is attractive in the first place, many will queue at our doorstep to list. We need not continue to think of ways and places to go to attract aspirants. oldman, Based on your latest Catalist Index chart dated 17 Feb 2015, it broke down and hit a new low of 714.48 points. In technical analysis, a stock that has made a new low is a decisive signal to short, not long. It means the Catalist Index is likely to go further down to a target projection at 680 points. In technical analysis, a stock that has made a new low is a decisive signal to short, not long. Catalist Index closed at 631.96 (+0.12, +0.02%) on 13 July 2015.
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Post by zuolun on Nov 2, 2015 13:04:25 GMT 7
SGX ~ Head and Shoulders Breakout, expect the gap bet. S$6.57 to S$6.66 created on 23 Oct 2014 to be closed, TP S$6.50SGX had a hammer and traded @ S$7.29 (-0.09, -1.2%) with 1.23m shares done on 2 Nov 2015 at 1355 hrs. Immediate support @ S$7.24, immediate resistance @ S$7.48.
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