Thomson Reuters and SGX SFI Series Selected As UOB’s Recommended Fixed Income Benchmark

Thomson Reuters and SGX SFI Series Selected As UOB’s Recommended Fixed Income Benchmark
25.10.2016 11:00 am

Thomson Reuters and SGX SFI Series Selected As UOB’s Recommended Fixed Income Benchmark

Trading Systems

Thomson Reuters and Singapore Exchange (SGX) today announced that the TR/SGX Singapore Fixed Income Indices (TR/SGX SFI) have been selected as the recommended fixed income benchmark by United Overseas Bank (UOB) following the discontinuation of the UOB SGS Index.

Launched in 2013, the TR/SGX SFI offer a comprehensive solution for tracking the performance of investments in the Singapore debt markets. They offer wide coverage of over 60 government, statutory board and corporate bond indices, and a time-specific assessment of the fair market value of SGD bonds, which are priced objectively and independently by the Thomson Reuters Evaluated Pricing Service.

Stephan Flagel, Global Head of Indices at Thomson Reuters, said, “We are delighted by UOB’s recommendation of the TR/SGX SFI as its official fixed income benchmark. Interest in Singapore’s fixed income market has grown recently, particularly in the Corporate and Statutory Board bond segments, alongside the need for trustworthy index products for benchmarking. Thomson Reuters partners with multiple market participants to provide representative benchmarks and investable indices that connect and empower the financial community. Our neutrality and experience allow us to continue to play a key role across the financial markets in driving benchmark reform globally.”

Chew Sutat, Head of Equities and Fixed Income at SGX, said, “This is an important success for the collaboration between SGX and Thomson Reuters, and supports the positive global trend of banks such as UOB shifting to independent benchmarking solutions. The TR/SGX SFI help to enhance market transparency for both institutional and retail investors and complement SGX’s efforts to drive liquidity in the secondary bond market.”

Jimmy Koh, Head of Global Economics and Market Research at UOB, said, “There is an increasing awareness of independent and objective benchmarking within the financial community. The TR/SGX SFI will further promote market transparency and neutrality in Singapore’s debt capital market.”

UOB has communicated the recommended transition procedures for the outgoing SGS index to all of its existing users.

The TR/SGX SFI use transparent, rules based methodologies that adhere to the IOSCO principles for financial benchmarks. UOB will become one of the contributors of prices for the indices, along with local market makers.

For more information about TR/SGX SFI, please see the factsheet available here.

Related News

Reuters Events Discuss the Resilience of the Energy Market Through Volatility

Reuters Events will be hosting a free online webinar series focused on commodity trading and commodity value chains.

The energy industry has never seen a year like it.... Read more »

Newfound launches virtual fintech trade mission to stimulate economic growth in UK and Australia

Global expansion specialists Newfound today announced the first ever virtual fintech trade mission between the UK and... Read more »

IPC’s Connexus Cloud ecosystem continues expansion with linkage to London Metal Exchange

IPC, a leading global provider of secure, compliant communications and networking solutions for the global financial markets community, announced today its... Read more »

Cloud9 Chooses OpenFin to Empower “Virtual Trading Desks”

Cloud9 Technologies ("Cloud9"), a leader in cloud-based communications, has partnered with OpenFin, the operating system (OS) of finance, to streamline the deployment of Cloud9... Read more »

QuantHouse to provide TSL machine learning capabilities as part of the QuantFactory cloud backtesting suite

QuantHouse, the global provider of end-to-end systematic trading solutions including... Read more »

AxeTrading and Mosaic Smart Data Collaborate to Unlock Bond Market Insights

AxeTrading, the fixed income trading software provider, and Mosaic Smart Data, the real-time capital markets data analytics company, today announced the... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel