9 Things to Know About Singapore Exchange Limited’s Annual General Meeting for FY2017

Last week, Singapore Exchange Limited (SGX: S68) held its annual general meeting for the full year ended 30 June 2017 (FY2017). The firm released the CEO’s speech and the accompanying presentation slides on its website soon after.

As a quick background, SGX has three business segments, and they are Equities and Fixed Income, Derivatives, and Market Data and Connectivity. For those who wish to know how the stock market operator and regulator performed for FY2017, you can head here.

Here are nine key points from the speech that investors might want to take note of:

1. The Equities and Fixed Income business segment supports listed firms throughout their business cycles, from pre-listing to post-listing.

2. On the Equities front, for FY2017, SGX saw 23 new equity listings, two more than a year ago. Total new and secondary equity funds raised increased by around 27% year-on-year, from S$12.9 billion in FY2016 to S$16.4 billion in FY2017.

3. Securities Daily Average Value (SDAV) rose 2% year-on-year, with strong momentum in the second half of the financial year.

4. On the Fixed Income front, SGX welcomed over 800 bond listings during the financial year, raising around S$400 billion, both of which represent a more than two-fold increase year-on-year.

5. SGX has a 40% market share in new G3 issuance. This means that 40% of new issuances denominated in USD, Euro and the Japanese Yen have a listing on the exchange.

6. For the Derivatives business, FY2017 saw the firm launching its derivatives platform, known as SGX Titan.

7. FY2017 saw SGX acquiring the Baltic Exchange, and this will supplement SGX’s iron ore business. By leveraging on the new acquisition, it looks to grow its existing freight derivatives business further.

8. With regards to Market Data and Connectivity, the exchange expanded its co-location facility and its suite of SGX Proprietary Indices, which could give rise to new products.

9. Looking ahead, the company will focus on three strategic priorities: (1) To grow across asset classes and geographies; (2) advance its securities market; and (3) continue optimising resources and controlling costs.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. The Motley Fool Singapore has recommended shares of Singapore Exchange Limited. Motley Fool Singapore contributor Sudhan P owns shares in Singapore Exchange Limited.