1% luck, 99% hard work for Singapore Exchange

SINGAPORE (Sept 27): Singapore's stock market isn't exactly buzzing, but at least it's losing the look of a forlorn bazaar.

The average daily value of shares traded has topped $1.15 billion so far in 2017, the most in four years, but still a fifth lower than in 2013 when a penny-stock scandal sapped confidence.

During the past couple of years, though, Chief Regulatory Officer Tan Boon Gin has done a fair bit to restore its reputation, including chasing nylon-fibre makers in China's Fujian province for allegedly duping investors. The bourse's regulatory functions also got transferred this month to Singapore Exchange Regulation, or SGX RegCo, a new unit modelled after NYSE Regulation Inc. Tan, a white-collar-crime specialist, is heading the subsidiary, which has its own board.

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