What is the difference between SGX and STI?
Could you please explain the fundamental distinctions between the Singapore Exchange (SGX) and the Straits Times Index (STI)? How do they differ in their roles, functions, and implications for investors? Is it accurate to assume that SGX is a platform for trading securities, while STI serves as a benchmark for the performance of Singapore's stock market? Clarifying these points would be highly appreciated.
Does SGX own a 10% stake in DBS crypto exchange?
I've been following the news in the crypto space quite closely and have noticed some intriguing developments recently. Specifically, there have been rumors circulating about SGX, a well-known financial institution, potentially acquiring a stake in DBS crypto exchange. Could you please clarify if these rumors are true? Is SGX indeed the owner of a 10% stake in DBS crypto exchange? If so, what are the potential implications of this partnership for both SGX and DBS, as well as for the broader crypto market? I'm particularly interested in understanding the strategic motivations behind such a move and how it might reshape the competitive landscape in the crypto exchange space.