SGX touts benefits of planned RMB platform

Singapore Exchange expects recent and planned product launches to help establish the city state as the third offshore renminbi centre, after Hong Kong and Taiwan. The next major move will be the launch of an RMB-Singapore dollar equity trading facility later this year, which SGX argues will be more flexible than Hong Kong's 'dual-tranche, dual-counter' (DTDC) mechanism. SGX chief executive Magnus Bocker has said that the bourse will roll out the platform before the year-end, whi…