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Singapore Exchange Limited (SGX) and Mongolian Stock Exchange (MSE) are pleased to announce that they have signed a Memorandum of Understanding (MOU) today to collaborate for the benefit of the financial services industries in Singapore and Mongolia.
The MOU aims to foster a closer relationship and develop channels of information exchange in the areas of operations, the regulatory framework, and the equities and derivatives products traded on the respective markets.
About Singapore Exchange Limited
Singapore Exchange Ltd (SGX) was inaugurated on 1 December 1999, following the merger of two established and well-respected financial institutions - the Stock Exchange of Singapore (SES) and the Singapore International Monetary Exchange (SIMEX). SGX is Asia-Pacific's first demutualised and integrated securities and derivatives exchange and is listed on its own bourse. The exchange's stock is a component of benchmark indices such as the MSCI Singapore's Free Index and the Straits Times Index (STI).
SGX aims to offer a highly trusted, comprehensive and efficient securities and derivatives marketplace for raising capital, risk transfer, trading, clearing and settlement. SGX facilitates the trading and clearing of commodity futures and over-the-counter (OTC) derivatives such as forward freight agreements and oil swaps. Through strategic alliances and partnerships with other exchanges around the world, SGX is firmly positioned as an Asian Gateway.
For more information, please visit SGX website: www.sgx.com
About Mongolian Stock Exchange
Mongolian Stock Exchange was established on 18 January 1991 as a vehicle to implement “the center of the reform program” which was set to privatize the state owned enterprises. MSE is a profit making, state-owned shareholding company with a fundamental function to operate securities trading activities.
The mission statement of MSE is to work profitably as contributing to the development of national economy by creating classical capital market, provide guaranteed protection for shareholders, built the opportunities for state and business entities to locate and utilize investment resources effectively through open and fair capital market in the long-term.
For more information, please visit MSE website: www.mse.mn
