Singapore Exchange (SGX) is currently in negotiations with potential partners to spin off SGX Bond Trading Pte Ltd into a joint venture. The new company will operate an Asian bond trading platform.
According to company secretary Ding Hui Yun, negotiations have reached advanced stages. Nevertheless, Ding warned that there is currently no assurance that the transaction will be entered into or consummated.
This is not SGX's first joint venture-related announcement this year. On 22 January, it announced a joint venture with Temasek to set up the Asia-Pacific’s first exchange-led digital asset venture focused on capital markets workflows through smart contracts, ledger and tokenisation technologies.