Singapore Exchange (SGX) and Singapore Press Holdings (SPH) today signed a Heads of Agreement to develop a free financial portal, targeted for launch in the second half of 2010.
The portal aims to provide the investing public integrated content from both SGX and SPH. In one comprehensive website, users will be able to obtain SGX's live market data, company announcements, research reports, regulatory news as well as SPH's breaking news on companies and stock markets. In addition, users will have access to an Investor Relations (IR) section maintained by SPH-owned ShareInvestor.com (SI), which is a financial internet media and technology company. The IR section provides users corporate information of over 200 companies listed on SGX.
The English portal will be launched first, followed by a Chinese version in due course.
SPH will facilitate online advertisements on the portal, which provide advertisers the reach to a large audience of the investing public. The portal will be marketed as part of SPH's AsiaOne Network.
Mr Hsieh Fu Hua, Chief Executive Officer of SGX said, "SGX is pleased to partner SPH to offer a portal for investors to access key market information from the combined data bases of our two organisations. We expect this to be the choice site for investors in our market."
Mr Alan Chan, Chief Executive Officer of SPH, said: "SGX's website is very much the de facto website for the investing public to access stock market information. We believe this collaboration will provide an even more useful portal to the investing public by adding SPH news and Shareinvestor's investor relations information to the SGX website content. This is in line with SPH's push to engage minds and enrich lives as well as enhance our financial services offering."
This collaboration marks the second time SGX and SPH have embarked on a major endeavour. Both companies launched the revamped Straits Times Index and 21 other indices under the FTSE ST index suite.