SGX Creates Market Data & Connectivity Unit in Business Reorg

Officials say the reorganization will help the exchange align products and better serve customers.

SGX president Muthukrishnan Ramaswami will have responsibility for the exchange's new Market Data & Connectivity division.

The organizational restructure will integrate SGX's sales and product teams to create common client product goals, in line with priorities laid out during the exchange's first quarter 2016 results briefing. The exchange will create three vertical businesses, providing a holistic and customer-centric delivery of its products and services as a multi-asset exchange, officials say.

The other two business lines are Equities & Fixed Income, and Derivatives. MDC will focus on continuing the exchange's