Singapore Exchange Limited – Digital Transformation Strategies
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SGX Digital Transformation Strategies Report Overview
Singapore Exchange Limited uses emerging technologies as a part of its digital transformation strategies. The annual ICT spending of SGX was estimated at $53.6 million in 2022. A major share of this spending is earmarked for acquiring software, network and communications, and ICT services from vendors. Singapore Exchange Limited (SGX) is a financial market “infrastructure,” operating equity, derivatives, and fixed-income markets. It offers trading, listing, settlement, clearing, depository, and data services, with approximately 80% of listed bonds and 40% of listed companies and originating outside Singapore. SEL is a liquid offshore market for the benchmark equity indices of ASEAN members and non-members, including India, Japan, and China; and provides currency and commodity derivatives products. The company also offers data and market connectivity services.
Total ICT Spending 2022 | $53.6 million |
ICT Spend by Function | Communications, Data Center, Network, Application, End-User Computing, Service Desk, and Management |
ICT Spend by Channel | Internal Development and Maintenance, Technology Vendors (Direct), Local Resellers, Telcos, ICT Services Providers/Consulting Firms, Specialist Outsourcers, and Systems integrators |
External ICT Spend by Segment | ICT services, Software (including Cloud SaaS), Hardware (including Cloud Iaas), Network and communications, Consulting, and Others |
Technology Theme Focus | Artificial Intelligence, Big Data, Blockchain, Cloud, and Robotic Process Automation |
The SGX digital transformation strategies report will act as a reference point to understand a company/competitor’s digital strategy. It will also help in understanding the digital preparedness of the company against its peers. The information included in these reports is sourced from a mix of our very own internal database and authentic secondary research links such as the company’s annual report, presentations, press releases, etc. The report covers an overview of the company, its digital transformation strategies, technology focus areas, technology initiatives, technology introductions, partnerships, investments, acquisitions, and ICT spending among others.
Digital Transformation Strategies
SGX is leveraging AI, ML, and big data technologies to improve operational efficiency and help traders trade fast and securely, by reducing latency rates and introducing data tools. For instance, SGX RegCo uses an AI-powered, real-time surveillance system to monitor trade transactions. Along with its partners, SGX is embracing blockchain technology to develop innovative digital platforms for payments and asset transactions. For instance, it collaborated with HSBC Singapore and Temasek on leveraging distributed ledger technology (DLT) for the issuance and servicing of fixed-income securities.
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SGX Technology Theme Focus
SGX is utilizing many emerging technologies including artificial intelligence, big data, cloud, blockchain, and robotic process automation to enhance operational efficiency and product offerings.
SGX Technology Theme Focus
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SGX Technology Initiatives
SGX has been involved in several strategic technology partnerships and collaborations, technology developments, and rollouts over the past few years. For instance, SGX selected AI/ML-enabled document analytics company Impactsure’s SaaS platform to extract structured corporate financial data from its data repository. Impactsure deployed its SureXtract solution at SGX, which is powered by the Secured Unified Responsive Engine (SURE). The platform leverages AI, ML, and NLP technologies to derive insights from structured and unstructured data in printed documents, contracts, scanned images, pictures, handwritten notes, IoT sensor data, and many other applications. SureXtract data extraction platform supports SGX in extracting financial statement data of SGX-listed companies from unstructured PDFs efficiently and reliably.
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SGX ICT Spend by Function
- Communications
- Datacenter
- Network
- Application
- End-user computing
- Service desk
- Management
SGX ICT Spend by Function, 2022 (%)
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SGX ICT Spend by Channel
- Internal development and maintenance
- Technology vendors (direct)
- Local resellers
- Telcos
- ICT services providers/Consulting firms
- Specialist outsourcers
- Systems integrators
SGX ICT Spend by Channel, 2022 (%)
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SGX External ICT Spend by Segment
- ICT services
- Software (including Cloud SaaS)
- Hardware (including Cloud Iaas)
- Network and communications
- Consulting
- Others
SGX External ICT Spend by Segment, 2023 (%)
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Scope
This report provides:
- Insight into SGX’s technology activities.
- Insights of its digital transformation strategies and technology center & innovation program.
- Overview of technology initiatives covering product launches, partnerships, investments, and acquisitions.
- Insights on each technology initiative including technology theme, objective, and benefits.
- Details of estimated ICT budgets and major ICT contracts.
Reasons to Buy
- Gain insights into SGX’s technology operations.
- Gain insights into its technology strategies and innovation initiatives.
- Gain insights into its technology themes under focus.
- Gain insights into its various product launches, partnerships, investments, and acquisitions.
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Table of Contents
Frequently asked questions
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What was the total ICT spending of SGX in 2022?
The annual ICT spending of SGX was estimated at $53.6 million in 2022.
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Which is the leading ICT spending category by function for SGX?
Datacenter is the leading ICT spending category by function for SGX in 2022.
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Which is the leading ICT spending category by channel for SGX?
Internal development and maintenance is the leading ICT spending category channel for SGX in 2022.
-
Which is the leading ICT spending category by segment for SGX?
Software (including cloud SaaS) is the leading ICT spending category by segment for SGX in 2022.
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What are the key technology themes in focus for SGX?
The key technological themes in focus for SGX are artificial intelligence, big data, blockchain, cloud, and robotic process automation.
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