SGX, SPH to develop free financial portal
THE Singapore Exchange (SGX) and Singapore Press Holdings (SPH) yesterday signed an agreement to develop a free financial portal to be launched in the second half of 2010.
SPH CEO Alan Chan (left) and SGX CEO Hsieh Fu Hua at the signing ceremony for the new financial portal yesterday
SGX will supply live market data, research reports and regulatory news. SPH will supply breaking news on companies and stock markets, as well as an investor relations section maintained by SPH unit ShareInvestor.com.
The investor relations section will provide information on more than 200 companies listed on SGX. An English-language version will be launched first, followed by a Chinese-language version. Online advertisements will be handled by SPH and the portal will be marketed as part of its existing AsiaOne Network.
SGX chief executive Hsieh Fu Hua 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.'
SPH CEO Alan Chan said: 'SGX's website is very much the de facto website for the investing public to access stockmarket 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 is the second major collaboration between the two companies. SPH and SGX together launched the revamped Straits Times Index and 21 other indices under the FTSE ST index suite.