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 . CEO Loh Boon Chye highlighted four areas where SGX is open to pursuing M&A deals," said Jessalynn Chen, analyst with CIMB. 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 $ 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 .