SINGAPORE -- In the space of a few weeks, Loh Boon Chye, chief executive of the Singapore Exchange, has seen dramatic evidence of the fierce competition between Asia's stock exchanges -- but also signs that his strategy to address those rivalries and build a broader business is paying off.
In May, SGX shares suffered their worst one-day fall in 10 years when its agreement with index publisher MSCI to provide a variety of derivatives and options products was not renewed.
