SGX restructures twin markets

Singapore Exchange (SGX) has ended the demarcation between its securities and futures markets by creating a new organisational structure to more closely integrate the exchange.

SGX will now consist of seven functional groups that are led by executives from SGX's securities markets. The development will be closely watched by futures participants concerned over the future of the CME Eurodollar mutual offset agreement (see FO Week Volume 8 No 33) and the...