Singapore Exchange SGX has failed
The trading volume in SGX is dismal, compared to the exchanges in HK and America. 

What is the reason for this failure, in spite of the efforts by the Singapore authorities to build Singapore as a financial hub?

I have traded in SGX before and now move to trade in the HK and American exchanges. The trading volumes in the other exchanges are high. I am able to execute trades quickly and at narrow margins.

What are the reasons for the dismal performance of SGX? Here is my take.

* The Singapore stocks quoted in SGX do not provide good value for investors. Many Singapore companies are struggling to be profitable or to show high growth. 

* It is painful to trade with Singapore brokers due to impractical requirements on login, 2FA and documentation requirements. They are outdated, troublesome and painful. I believe that these are mandated by MAS. They make it difficult for the brokers to design platforms that are easy to use (while maintaining a required level of security).

I have traded in other platforms and find their security to be adequate and easy. I am not distracted by troublesome process, such as frequent changing of passwords and 2FA requirements. 

If Singapore still aims to be a financial hub for trading of securities, it has to find out a more practical way to achieve security without causing the pain that the investors have to endure.

Tan Kin Lian
 

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