SGX cuts ribbon of its new Chicago office

Singapore Exchange (SGX) has opened its SGX America office in Chicago to better serve investors in the North American Region.

Singapore stock exchange
An SGX sign is pictured at Singapore Stock Exchange Reuters

As part of its efforts to expand its international footprint, the Singapore Exchange (SGX) opened the SGX America office in Chicago.

The opening of the new office will enable the group to better serve a growing client base in the region and meet the growing international investor appetite to access the city-state's market.

To recall, SGX operates a unique pan-Asia multi-asset marketplace that provides local and international investors with exposure to 95 percent of Asia's GDP through the world's most liquid offshore market for the benchmark equity indices of China, India, Japan and ASEAN.

SGX CEO Loh Boon Chye said the new office will enhance the accessibility of the marketplace for investors in the region of North America.

"This is an important milestone in SGX's international expansion strategy and reinforces our status as Asia's most connected exchange," he said.

He stressed that a physical presence in the United States is vital in developing a stronger connectivity with the world's largest equities and fixed income market.

"SGX's knowledge of the Asian markets and the diversity of our Asia-linked futures and options will resonate with investors in North America who are increasingly looking East for growth opportunities across asset classes," he added.

For SGX Head of Derivatives Michael Syn, the opening of the new office complements the global nature of what SGX has to offer.

More so, Syn stated that with the size and depth of the market in the US, it serves as an important market for the Singapore bourse.

"Chicago is home to a vibrant trading community with a long history in the global futures and options market, making it a natural first base for us," he said.

In 2016, the marketplace launched SGX Titan to cater to the western investors. It extended the trading hours of SGX's derivatives market to one of the longest in Asia, continuing through European hours and covering the U.S. market close.