24 October 2017

SGX and Bahrain Stock Exchange ink consultancy agreement

24 November 2008  |  2360 views  |  0 Source: Singapore Exchange

Singapore Exchange Limited (SGX) and Bahrain Stock Exchange (BSE) are pleased to announce that they have signed a consultancy agreement today in Manama.

Under this consultancy agreement SGX, through its wholly owned subsidiary SGX-International (SGX-I), will provide overall guidance on the management and operations of BSE through training and knowledge transfer. This is to enhance BSE's competitiveness in the region by increasing its operational efficiency.

Mr Seck Wai Kwong, Senior Executive Vice President/Chief Financial Officer of SGX and Chairman of SGX-I said, "SGX looks forward to sharing our best practices and knowledge with BSE to further enhance their product and service offerings to market participants."

Mr Fouad Rashid, Director of BSE said, "As SGX is one of the most developed exchanges in Asia Pacific, we hope that SGX's extensive experience will enable us to increase our operational efficiency in a way that will support the Exchange's capabilities to play a greater role in the development of the country, especially those related to implementing Bahrain's economic vision that was recently released. We aim to attract more listings and encourage financial institutions to provide investors with more exchange-traded products on our platform."

The agreement was signed by Mr Seck and Mr Rashid in the presence of H.E. Rasheed Al Maraj, Governor of the Central Bank of Bahrain and Chairman of the BSE; and Mr Heng Swee Keat, Managing Director of the Monetary Authority of Singapore.

This consultancy agreement builds on the earlier Memorandum of Understanding signed between SGX and BSE on 14 October 2008 to explore areas of collaboration to benefit the financial services industries in Singapore and Bahrain.

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.innotribe.comRegister nowvisit www.niceactimize.com

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
20599 views comments | 31 tweets | 44 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
15560 views comments | 24 tweets | 33 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
11175 views comments | 12 tweets | 23 linkedin

Featured job

circa £250K total package

Find your next job