SEE: Temasek-led consortium to launch world's first business travel exchange
And of course, SGX’s strength dwells in its experience in Asian financial market infrastructure and electronic trading, he adds. “XinTru will bring a new level of market infrastructure for the electronification of bond trading in Asia,” Loh tells reporters on Feb 8. As part of the consideration to own a one-third interest in XinTru, AGI will pay 100% of the shares of SGX Bond Trading, a wholly owned subsidiary of SGX. SGX Bond Trading has a book value of $31.4 million as at June 30, 2020. The consideration will also include cash, the provision of certain support services such as general counterparty service, and other intangibles.