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Tag Archives: Loh Boon Chye

Looking for Continued Growth, SGX Goes West Asia/Pacific,Commentary,Exchanges, OTC & Clearing,Feature

Singapore Exchange has had a good stretch of late. The exchange’s fiscal first quarter results were reported on October 25, showing approximately $149 million in revenues, a 7 percent year-over-year increase, and net profits of $66 million, a 9 percent year-over-year rise. In a move to bolster such growth, SGX announced the opening of SGX America and a corresponding Chicago office on October 17. The opening represents the exchange’s first brick-and-mortar presence in the United States. The office may have started with just two people in a temporary workspace, but SGX CEO Loh Boon Chye sees the American branch as…

John Lothian Newsletter: First Trader Convicted of Spoofing Gets 3-Year Prison Term; Deutsche Boerse Investors Poised to Back LSE Deal by End of Week; Singapore Exchange Malfunction Ruins CEO’s First Anniversary John Lothian Newsletter,Newsletter

First Read Spoofing Sentence Sends Clear Enforcement MessageClifford C. Histed – Partner, K&L Gates LLP via Law360Michael D. Ricciuti On July 13, 2016, U.S. District Judge Harry D. Leinenweber in Chicago sentenced Michael Coscia, the first trader charged with criminal “spoofing,” to three years in prison. Much has been written about this case, and the public debate has been just as intense as the litigation. In April 2015, we wrote about Judge Leinenweber’s denial of Coscia’s motion to dismiss his indictment, examined what guidance about spoofing could be gleaned from regulators, broke down the allegations in the indictment, and offered…goo.gl/tqAdBp…

John Lothian Newsletter: EU watchdog backs more competition in derivatives clearing; Derivative investors doubt benefits of LSE-Deutsche Börse tie-up; Oystacher Says Speed Chess, Not Spoofing, Is Behind His Trades John Lothian Newsletter,Newsletter

First Read Counter (party) intuitive Steven Strange, Compliance Product Manager, Fidessa Once upon a time, a good credit rating was sufficient to establish a counterparty’s fitness as a trading partner. Counterparties were managed via simple ‘do not trade’ lists delivered to traders at the start of the day, and traders honoured these by hand, or using basic software and home-grown tools. Times, of course, have changed drastically. Regulators now expect firms to aggregate their counterparty exposure across asset classes, and include a myriad of additional holdings where the counterparty is in any way affiliated. ‘Do not trade’ lists are monitored…

2016 Exchange CEO Series: SGX’s Boon Chye Expanding With New Products, New Platform in 2016 Video

Loh Boon Chye took over the Singapore Exchange CEO post in July 2015 with a focus on growing the overall business in derivatives, clearing and equities. But he faces headwinds across the asset classes as China’s economy slows. Boon Chye, however, believes the exchange is well positioned to move forward in 2016. SGX has made a name for itself by introducing equity index futures with the Nikkei 225 futures, among others. The exchange now is broadening its China product suite with the introduction of a series of equity derivatives based on MSCI indexes including the MSCI China Free Index. The…

New Captain: SGX’s Boon Chye Navigates Tough Asian Markets Financials,Interview

Loh Boon Chye took the reins as CEO of Singapore Exchanges (SGX) in July. A former SGX board member and Bank of America Merrill Lynch’s deputy president and head of global markets in Asia Pacific, he said there is much opportunity for the exchange to grow, and perhaps even benefit from the competition that has moved in around him from ICE and others. Boon Chye spoke at SGX’s headquarters with JLN Editor-in-Chief Jim Kharouf about his management style, the game plan for the exchange going forward and just where SGX fits in the global market landscape. Q: You took the…