Singapore Exchange (SGX) plans to establish an office in Dubai due to rising hedge funds in the UAE.

Singapore Exchange (SGX) is exploring the establishment of an office in Dubai, motivated by the rise of hedge funds in the UAE. The influx of fund managers attracted by incentives and favorable conditions has increased SGX's client base in the region. Initially, SGX plans to relocate a Qatar-based employee to Dubai, with potential for further staff additions. The exchange has also seen significant growth in Asian currency trading, achieving record volumes this year.

September 23, 2024
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