Finalto adds SGISGD – MSCI Singapore Index for exposure to “roaring Asian tiger”

Rick Steves

Finalto has added SGISGD – MSCI Singapore Index to its trading platforms in a milestone move in the fintech’s expansion into the Asia market. 

The provider of multi-channel trading software, systems and liquidity services has recently been certified as a capital markets provider by the Singapore FinTech Association (SFA), namely for its Finalto 360 offering.

The firm knows that the SGISGD – MSCI Singapore Index is in demand not only in Asia and will be enjoyed by clients across the globe who look to gain exposure to Singapore’s economy.

STI outperformed most major markets in H1 2022

The MSCI Singapore Index was created to measure the performance of the large and mid-cap segments of the Singapore market. Made up of 20 constituents, the index covers around 85% of the free float-adjusted market capitalisation of Singapore equity.

Neil Wilson, Chief Market’s Analyst at Finalto, commented: “It’s not been an easy time for global equity markets in 2022. Driven by inflation, rising bond yields and worries about a global economic slowdown, investors have been de-risking portfolios by reducing exposure to equities. Singapore is, however, looking in a much better shape than many developed markets and its stock market reflects this healthy outlook. Shares on the STI have outperformed most major markets in the first half of the year, trading virtually flat to slightly positive in the first six months.”

“Singapore’s economy is not at risk of recession or stagflation at this stage, according to finance minister Lawrence Won, and investors are looking favourably on the country as a destination for capital. Even post-covid amid the turmoil in global markets this is a roaring Asian tiger.”

Finalto certified in Singapore

Finalto opened its Asia office in 2019 and has obtained the SFA certification as a capital markets provider in June 2022, being one of a few global fintech providers to have achieved this certification.

The SFA certification focuses on Finalto’s 360 offering: “the all-in-one trading, client relations and back-office system for brokers and financial institutions that covers all your operational needs”, as stated by the firm.

The Singapore Fintech Association was created to uphold the integrity of the Fintech industry and support relationships within the community, as well as collaborate with regional and international organizations.

Finalto 360 offers bespoke solution for brokers that enables them to run their operation from A to Z. This covers relationship management, compliance, trading & liquidity, marketing and risk management all under the same roof.

The end-to-end broker solution is available on SaaS subscription basis or a fully deployed basis, based on the customer’s preference.

Finalto’s proprietary technology helps brokers efficiently onboard, retain and boost customers’ trading activity as it includes a CRM, connections to PSPs, marketing, compliance and reporting tools all connected to Finalto’s white labelled trading platform.

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