The stock exchange of the Asian jurisdiction has launched an index business tailored for clients such as asset managers and investors.

Singapore Exchange has rolled out SGX Index Edge, an index business that will create and offer index services tailored for issuers, asset managers and investors in Asia. 

The business said the branded indices are targeted at Asian product issuers and investors looking for customised index solutions. Since October last year, SGX has carried out a “beta launch” to test the business on a series of futures-based indices – SGX Access Asia indices – tailored for product issuers of exchange-traded notes (ETNs), OTC (over-the-counter) products and retail structured products. 

Plans are also underway to offer bespoke Asia-based index solutions for product issuers across the region, including thematic and strategy-based equity indices for the Singapore market, SGX said in a statement yesterday. 

Such developments come at a time when Singapore's stock market is battling to keep and win business amid competition from the likes of Hong Kong's market.