The Singapore Exchange ( SGX ) could be interested in putting its $ 395 billion war chest to use in M&A deals in foreign exchange , fixed income , index businesses and market data , according to CIMB analyst Jessalynn Chen . Investing in these key sectors is expected to help to shift revenue away from the volatile stock market , and reduce dependence on certain government contracts .
The Singapore Exchange (SGX) could be interested in putting its $395m war chest to use in M&A deals in foreign exchange, fixed income, index businesses and market data, according to CIMB analyst Jessalynn Chen. Investing in these key areas is expected to help to shift revenue away from the volatile stock market, and reduce dependence on certain derivatives contracts.