Over the past few years, Singapore has signalled a renewed and vigorous commitment to revitalising its equity market. Initiatives such as the Equity Market Development Programme (EQDP) and the creation of dual-listing “bridges” with major overseas exchanges are timely catalysts. They have already sparked a noticeable uptick in trading activity and a livelier discourse around Singapore-listed companies than we have seen in nearly a decade.
However, these initiatives are only the beginning. As a market maker, quantitative trader, and fund manager who has participated in these markets for nearly 20 years, I believe the broader challenge is translating this momentum into a deeper, more durable ecosystem. To move from a period of sparked interest to one of sustained vibrancy, we must examine our structural advantages, address the critical bottleneck of liquidity, and cultivate a more diverse participant base.
