Singapore reaps benefits as India derivatives demand surges

Moneycontrol.com, 27 Feb 2013
After long failing to act on foreign investor complaints, Indian policy makers find themselves in an ironic bind: As global interest in Indian derivatives surges, it is Singapore, not Mumbai, that is reaping the benefits.
In a turnaround from past years, more stock futures and options based on Nifty are traded in Singapore than India. Billions of dollars in rupee derivatives traded from the city state nearly equal the amount of spot currency traded in India. Deals in Indian debt derivatives are close to volumes in Indian markets. Full story

Related:
As India derivatives demand surges, it is Singapore that benefits - Reuters

Over half of Singapore finance professionals dismayed with bonus pay

Yahoo! Finance Singapore, 20 Feb 2013
According to a survey be eFinancialCareers, the average bonus payment in financial services has increased 8% compared to last year according to the preliminary results of a comprehensive survey by leading online career site eFinancialCareers.
However, the majority of finance professionals in Singapore aren’t taking home a larger payout. In fact less than a third (31%) have seen an increase on their 2011 bonus payment and this indicates that only a select few are enjoying a bigger reward.
A similar proportion (32%) said that their bonus payment had met their expectations. Most were left disappointed and said their bonus was lower than they had expected (52%). Full story

SGX to buy stake in clearing house LCH.Clearnet

Yahoo! Finance Canada, 4 Feb 2013
SGX, the Singapore stock exchange, is in talks to buy a stake in clearing house LCH.Clearnet, the Financial Times reported on Monday citing three people familiar with the situation.
The Asian exchange may participate in the London Stock Exchange Group's purchase of LCH or buy a separate stake, the Financial Times reported. Full story

Related:

1. Singapore Exchange in Talks to Buy Stake in LCH.Clearnet -FT - Foxbusiness.com
2. Singapore Exchange Declines to Comment on LCH Acquisition Report - Bloomberg