SGX Bolsters its Fixed Income Businesses with Appointment of Michael Luk

Singapore Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (SGX) has today announced the appointment of Michael Luk as the new Head of Fixed Income Origination and Sales.

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Luk is tasked with spearheading the growth of SGX’s fixed income businesses through deeper and broader relationships with market participants. This includes extending SGX regional leadership in bond listings and driving institutional client adoption of OTC trading in the Asian bond market via SGX’s new Bond Pro Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term. He will report to Mr Chew Sutat, SGX Head of Equities & Fixed Income.

His wealth of experience will bring great value and contribute to the strengthening of SGX’s growing fixed income businesses.

Chew commented: “I am happy to have Michael join SGX. His wealth of experience will bring great value and contribute to the strengthening of SGX’s growing fixed income businesses. His knowledge of Asian fixed income capital markets will help us deliver on SGX’s strategy to offer global investors the ability to raise capital and trade all of Asia in one place and across asset classes."

Luk has more than 18 years’ experience in debt capital markets covering all fixed income debt financing products including public bonds, high yield, leveraged finance, syndicated loans, private placements and structured debt products.

Prior to SGX, he served as the Global Head of Debt Capital Markets with ANZ Banking Group in Hong Kong and before that, the Head of Asia Pacific Debt Capital Markets at Bank of America Merrill Lynch.

Luk also spent 9 years with Deutsche Bank in Hong Kong where he was both Head of Fixed Income Capital Markets and Head of Asia Leveraged Debt Capital Markets.

Luk's employment with SGX takes effect from 1 January 2017.