Singapore Stock Exchange Limited (SGX) was established on December 1, 1999, subsequent the amalgamation of two recognized and reputable financial institutions - the Stock Exchange of Singapore (SES) and the Singapore International Monetary Exchange (SIMEX).
Singapore Stock Exchange is the earliest demutualised and incorporated securities and derivatives exchange of Asia-Pacific.



On December 1, 1999, SGX was established following the amalgamation of the two exchanges: Stock Exchange of Singapore and Singapore Intl Monetary Exchange.
SGX possesses and controls Singapore’s only one incorporated securities exchange and derivatives exchange and their associated clearing houses. The securities exchange was Asia’s earliest totally electronic exchange which is floorless.
The derivatives exchange is Asia’s one of the major exchange and The International Financing Review was nominated it as "Derivatives Exchange of the Year" in 1989, 1992, 1993 and 1998 and The Asset magazine was recognized it as "Asia's Best Derivatives Exchange in 1999".
Being a founder member of the GLOBEX Alliance jointly with some other important derivatives exchanges SGX was retain the significant associations with the Chicago Mercantile Exchange, the American Stock Exchange, the Australian Stock Exchange and the National Stock Exchange of India
The Stock Exchange of Singapore (SES) merged with the Singapore International Monetary Exchange (SIMEX) on Wednesday, making the country a pioneer in such mergers in the Asia-Pacific region.

The new Singapore Exchange is "the first de-mutualized, integrated securities and derivatives exchange in the Asia-Pacific," a statement from the company said.

By being de-mutualized, members of the exchange do not have to buy and own a seat in the exchange to be able to trade directly, as was the custom in the past.

The new exchange is expected to be listed on the Singapore stock market a few years down the road, industry sources said, but no specific time frame has been announced.

The merger reflects a wider trend in the region for stocks and derivatives exchanges to merge to improve efficiency, develop and offer more products and pool their resources so as to compete and survive in today's more globalized, high-speed electronic trading world.