SINGAPORE, July 9 (Xinhua) -- Singapore Exchange (SGX) Group has divested its wholly owned subsidiary Scientific Beta to STOXX Ltd. as part of efforts to sharpen its growth priorities.
The exchange operator said on Wednesday that it is prioritizing investments that strengthen its multi-asset franchise, particularly in its securities, derivatives and data businesses.
Following the transaction, SGX will retain its global multi-asset iEdge platform and continue expanding its index business. ■
