The Gulf region is becoming an increasingly important market for the Singapore Exchange Group, where it serves clients from Saudi Aramco to First Abu Dhabi Bank, and it plans to expand the suit of its services in the six-member economic bloc, SGX group president Michael Syn has said.
Over the past few years, the company has seen a steady growth both in its shipping and FX businesses in the region, with some of the biggest banks and financial institutions as well as hedge funds and energy majors in the region joining an expanding list of clients across various business within the group, Mr Syn told The National in an interview.
“For now, it is commodities and FX, for all the natural reasons, he said. “In shipping, we see a lot of growth, and we expect to spend more time here and do more business.”
The group own and operates Singapore Exchange, South-East Asia’s biggest equities market and the world’s third-largest foreign exchange trading hub. It also runs the global maritime trading and shipping market, the Baltic Exchange, and through its subsidiaries manages FX tech
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