Singapore – 02 November -- CNBC, First in Business Worldwide, and Singapore Exchange Limited (SGX) today jointly announced the launch of a strategic collaboration to relocate CNBC Asia Pacific’s primary studio facility to the SGX building. The new studio facility being built is scheduled to be operational in Q2 2010.
Located on the 2nd floor area of the SGX Centre 1 building in Shenton Way, the heart of Singapore’s financial district, the new facility will house:
a. CNBC’s primary multi-camera studio for the production of all of CNBC Asia Pacific’s live business day programming.
b. CNBC’s main production control room with direct connections to CNBC’s bureaus around the region.
"CNBC’s core strength is in providing fast, accurate, actionable and unbiased business news and analysis to our viewers,” said Satpal Brainch, President and Managing Director, CNBC Asia Pacific. “By relocating our primary studio facility to the SGX, the financial hub of trade and transaction, we are best positioned to access breaking business and financial news, as well as the opinion and business leaders in this region."
"Our facility at the SGX joins our other studios and fixed camera locations in major financial centers globally,” Brainch concluded. “This investment in our product also reinforces our commitment to the Asian business community and CNBC’s loyal viewers."
"CNBC's co-location at SGX underscores our role as an Asian Gateway, in providing access to the region. SGX is pleased to partner CNBC, with its global reach, in our journey to becoming a borderless exchange,” said Hsieh Fu Hua, Chief Executive Officer of SGX.
|CNBC Asia Pacific|
+65 6326 1123
Lim Seng Jin
+65 6236 8385
About Singapore Exchange Limited
Singapore Exchange (SGX) was inaugurated on 1 December 1999, following the merger of two established and well-respected financial institutions - the Stock Exchange of Singapore (SES) and the Singapore International Monetary Exchange (SIMEX). SGX is Asia-Pacific's first demutualised and integrated securities and derivatives exchange and is listed on its own bourse. The exchange's stock is a component of benchmark indices such as the MSCI Singapore's Free Index and the Straits Times Index (STI).
SGX aims to offer a highly trusted, comprehensive and efficient securities and derivatives marketplace for raising capital, risk transfer, trading, clearing and settlement. SGX facilitates the trading and clearing of commodity futures and over-the-counter (OTC) derivatives such as forward freight agreements and oil swaps. Through strategic alliances and partnerships with other exchanges around the world, SGX is firmly positioned as an Asian Gateway.
For more information, please visit SGX website: www.sgx.com