SGX Academy
SGX Group operates Singapore's national securities and derivatives exchange, providing trading, listing, ETF, futures, and depository-receipt infrastructure to retail investors, institutional investors, and listed companies across ASEAN and globally.
- Company typePublic
- Founded2012
- HeadquartersSingapore, Singapore
- Headcount—
- GTM typeB2B and B2C
- OfferingDigital Commerce or Content
What SGX Academy does
SGX Group is Asia's leading securities and derivatives market infrastructure operator, functioning as the national stock exchange of Singapore under Monetary Authority of Singapore oversight. Its core operations span the listing, trading, and clearing of equities, ETFs, futures, and depository receipts, supported by an electronic trading platform and electronic settlement infrastructure. Notable product and platform assets include 53 listed ETFs with record S$19 billion AUM, the recently launched 20-year mini JGB futures contract, physical gold ETFs backed by locally vaulted insured bullion, China A-share index ETF listings, Singapore Depository Receipts (SDRs), and proprietary FX and precious-metals pricing data published via the Pyth Network across 100+ blockchains. SGX also wholly owns the 282-year-old Baltic Exchange in London, which calculates the TD3C benchmark for oil-tanker charter pricing.
The firm's revenue is generated through two principal streams: trading and transaction fees charged on securities executed through the exchange, and listing and depository fees charged to companies issuing securities and depository receipts. These streams are monetized across three primary customer segments — retail investors (regular saving plans, robo-advisor products, ETF investing), institutional investors (trading, market making, liquidity provision), and listed companies (primary and secondary listings plus capital-raising). Distribution occurs through member brokers and licensed trading platforms for retail and institutional flows, and through bilateral partnerships and dual-listing arrangements (Nasdaq, IDX, GIFT-IFSC, planned Vietnam) for issuer and depository-receipt flows.
The company's strategic positioning rests on regulatory backing from MAS, including a S$6.5 billion Equity Market Development Programme (EQDP), an imminent dual-listing bridge with Nasdaq, and the recently launched Indonesia-to-Singapore SDR corridor as part of an ASEAN expansion strategy. Go-to-market motion is hybrid: a national-exchange marketplace-listing model anchored in regulatory license and physical clearing infrastructure, combined with product-led growth through new derivatives and ETF launches. SGX operates from Singapore as its primary headquarters, with subsidiary operations in London via the Baltic Exchange.
SGX Academy firmographics
Firmographics- Name
- SGX Academy
- Legal name
- Singapore Exchange
- Website
- https://sgxacademy.com
- Company type
- Public
- Founded year
- 2012
- Operating status
- Operating
- Short description
- SGX Group operates Singapore's national securities and derivatives exchange, providing trading, listing, ETF, futures, and depository-receipt infrastructure to retail investors, institutional investors, and listed companies across ASEAN and globally.
- Ownership category
- akta.pro rank
SGX Academy industry classification
Industry- Product category
- Securities Exchange
- NAICS
- Securities and Commodity Exchanges (5232), Securities and Commodity Exchanges (52321)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Equities Trade Execution Platforms (ATS/MTF/ECN) (FSAFANAA)
- akta.pro secondary industry
- Sector & Industry Equity ETFs (FSAAAFAC)
Keywords
Where SGX Academy is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices1 record
Markets served
SGX Academy business model
Business model- GTM type
- B2B and B2C
- Offering type
- Digital Commerce or Content
- Cost components
- Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales
Revenue model
- Trading & Transaction Fees: Fees charged on securities trading executed through the exchange
- Listing Fees: Fees charged to companies for listing securities on the exchange
Go-to-market motion2 records
Distribution channels5 records
Marketing channels3 records
SGX Academy product offering
Product offeringCore offering
SGX Academy operates as Singapore's national securities and derivatives market infrastructure, providing trading, listing, clearing, and market data services for equities, ETFs, futures, and depository receipts. The platform connects retail investors, institutional investors, and listed companies, offering access to local and international securities with regulatory oversight from MAS and product innovation such as Singapore Depository Receipts and onchain data distribution.
Differentiator
Problem solved
Functional benefit
Products and services
- Exchange-Traded Funds (ETFs) ETFs listed on SGX covering equities, China A-share indices, and precious metals (physical gold backed by locally vaulted insured bullion), serving retail and institutional investors seeking diversified market exposure in Singapore dollars.
- Singapore Depository Receipts (SDR) Digital receipts representing shares in foreign companies, enabling retail investors in Singapore to access international stocks in Singapore dollars; initially covering Indonesian blue-chips with planned Vietnam and developed market expansions.
- SGX FX and Precious Metals Data on Pyth Network Proprietary FX and precious metals data feeds distributed onchain via the Pyth Network, serving DeFi protocols, onchain trading venues, and crypto-native ecosystems across 100+ blockchains.
- Securities Listing Services Primary and secondary listing services for companies seeking to raise capital and gain visibility on Singapore's national exchange, including regulatory compliance support and investor relations infrastructure.
- Baltic Exchange TD3C Oil Tanker Pricing Benchmark TD3C oil tanker charter pricing benchmark and shipping market information services provided via the Baltic Exchange (wholly owned by SGX), serving global shipping and commodities participants.
- SGX RegCo Regulatory Oversight Services Regulatory oversight and enforcement services for SGX-listed companies, ensuring market integrity, corporate governance compliance, and AGM requirements.
- SGX-Nasdaq Dual-Listing Bridge Dual-listing bridge with Nasdaq enabling companies to list simultaneously on both exchanges, positioning Singapore as a capital-raising hub and enhancing international market access.
Quantifiable outcome
- ETFs reached record S$19 billion AUM with 117% QoQ turnover surge
- +2 more outcomes
Companies that use SGX Academy
Customer profileNamed customers7 records
Segments4 records
Ideal customer profiles4 records
SGX Academy technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
SGX Academy partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core.
- Pyth NetworkcoreSGX FX joined the Pyth Network as a data publisher, marking the first time SGX's proprietary FX and precious metals data is available through onchain infrastructure. The Pyth Data Marketplace enables distribution across 100+ blockchains.
- NasdaqcoreSGX-Nasdaq dual-listing bridge slated for mid-2026 as part of Singapore's efforts to enhance its public equities market and position as a capital-raising hub.
- Vietnamese CompaniescoreSGX plans to expand SDR offerings to Vietnam by 2026, following the Indonesia launch. Also exploring options for developed markets such as the United States and Australia.
- Indonesia Stock Exchange (IDX)coreSGX launched Singapore Depository Receipts (SDRs) for three Indonesian blue-chip firms, providing retail investors easier access to Indonesian stocks in Singapore dollars.
- Baltic ExchangecoreSGX owns the 282-year-old Baltic Exchange in London. The Baltic Exchange calculates the TD3C benchmark used to price oil tanker charters. SGX has defended against Mercuria Energy Group's lawsuit alleging distortions in the TD3C benchmark.
- GIFT-IFSC (India)coreGIFT City has connections with SGX and Luxembourg as part of India's gateway to global capital. SGX partnership positions Singapore within India's international financial center strategy.
Scale indicators8 records
Recent moves6 records
Expansion highlights5 records
SGX Academy competitors and assessment
Company assessmentDirect peers
- Nasdaq: US exchange operator and SGX's dual-listing partner. Directly comparable as a major equity and derivatives exchange with similar listing, trading, and market data revenue streams, and now a strategic partner via the SGX-Nasdaq bridge slated for mid-2026.
- Hong Kong Exchanges and Clearing (HKEX): Operator of the Hong Kong Stock Exchange and SGX's closest regional competitor for Asian listings, IPOs, ETFs, and securities trading. Both function as primary equity market infrastructure in their respective jurisdictions with similar listing, trading, and data revenue models.
- Japan Exchange Group (JPX): Operator of the Tokyo Stock Exchange and Osaka Exchange. Highly comparable regional peer for Asian equity listings, derivatives (including JGB-related products where SGX has launched mini JGB futures), and ETF trading.
Broad incumbents
- Deutsche Börse: German exchange operator running the Frankfurt Stock Exchange and Eurex derivatives venue. Comparable as a European incumbent in securities and derivatives market infrastructure, particularly relevant to SGX's derivatives ambitions.
- CME Group: Largest global derivatives exchange. Comparable given SGX's growing derivatives franchise (mini JGB futures, commodity benchmarks via Baltic Exchange), though CME operates at substantially larger scale as a global incumbent.
- Intercontinental Exchange (ICE): Owner of NYSE and a global exchange and data infrastructure conglomerate. Comparable as a broad incumbent operating equities, derivatives, and data franchises across multiple geographies at significantly larger scale.
- London Stock Exchange Group (LSEG): Operator of the London Stock Exchange and a global financial markets infrastructure provider. Comparable as a broad incumbent with cross-asset trading, listings, and data services; relevant given SGX's ownership of the London-based Baltic Exchange.
Regional players
- Bursa Malaysia: Malaysia's primary stock exchange. Comparable regional ASEAN peer for listings and equity trading with similar market dynamics and scale to Singapore, making it a useful regional benchmark.
- Korea Exchange (KRX): South Korea's sole securities exchange operator. Comparable regional peer in Asian equities, derivatives, and ETF markets with similar institutional/retail structure.
- Australian Securities Exchange (ASX): Australia's primary exchange operator offering equities, derivatives, and ETFs. Comparable regional Asia-Pacific peer for listed products and post-trade services, though operating in a distinct geography.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
SGX Academy social profiles
Digital presenceSGX Academy financial estimates
Financial estimateRevenue estimate
Valuation estimate
SGX Academy leadership team
Management profileNumber of profiles
SGX Academy subsidiaries and ownership
Company hierarchySubsidiaries2 records
SGX Academy funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SGX Academy M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about SGX Academy
What does SGX Academy do?
SGX Academy operates as Singapore's national securities and derivatives market infrastructure, providing trading, listing, clearing, and market data services for equities, ETFs, futures, and depository receipts. The platform connects retail investors, institutional investors, and listed companies, offering access to local and international securities with regulatory oversight from MAS and product innovation such as Singapore Depository Receipts and onchain data distribution.
Is SGX Academy a public or private company?
SGX Academy is a public company. It is classified as public and is currently operating.
When was SGX Academy founded?
SGX Academy was founded in 2012.
Where is SGX Academy based?
SGX Academy is headquartered in Singapore, Singapore, in the Asia region.
How does SGX Academy make money?
Two revenue lines are on record. Trading & Transaction Fees are the primary driver. The others are listing Fees.
Who are SGX Academy's main competitors?
Direct peers on record are Nasdaq, Hong Kong Exchanges and Clearing (HKEX) and Japan Exchange Group (JPX). Broad incumbents are Deutsche Börse, CME Group, Intercontinental Exchange (ICE) and London Stock Exchange Group (LSEG). Regional players are Bursa Malaysia, Korea Exchange (KRX) and Australian Securities Exchange (ASX).
Does SGX Academy have an API?
No public API is recorded for SGX Academy.
What industry is SGX Academy in?
SGX Academy's product category is Securities Exchange. Its primary akta.pro industry code is FSAFANAA, Equities Trade Execution Platforms (ATS/MTF/ECN), with a secondary code of FSAAAFAC, Sector & Industry Equity ETFs. Its NAICS code is 5232 and its SIC code is 6200.