Elevator Pitch
Singapore-listed Singapore Exchange Limited (OTCPK:SPXCY) (OTCPK:SPXCF) [SGX:SP], or SGX, provides listing, trading, clearing, settlement, depository and data services as the operator of equity, fixed income and derivatives markets in Singapore. Starting from July 1, 2019, SGX implemented a new organization structure comprising four business and client units: Fixed Income, Currencies and Commodities or FICC; Equities (Cash & Derivatives); Data, Connectivity and Indices or DCI; and Global Sales and Origination or GSO reporting to the CEO.
SGX trades at 22.6 times consensus forward FY2020 (YE June) P/E, which represents a