Singapore Exchange (SGX) today launched its first initiatives to enhance the listing, trading and distribution of fixed income products to build a more vibrant bond market in Asia.
The listing and trading of fixed income securities such as preference shares and convertible bonds will also be encouraged. SGX also plans to halve the time taken to approve bond listings by streamlining the processes involved.
By the first quarter of next year, SGX expects to offer an on-exchange secondary market for individual and institutional investors to trade Singapore Government Securities (SGS). SGX’s Central Depository has been a custodian of individual investors’ SGS holdings since 1 April 2010.