A Visit to KGI in Singapore - Office Found

Reason for this visit

As the product of a merger of the former Singapore Stock Exchange and the Singapore International Monetary Exchange (SIMEX), Singapore Exchange (SGX) is the only stock exchange in Singapore, and also the first stock exchange enabling electronic trading in Asia. In terms of market regulation, the Monetary Authority of Singapore (MAS) is the primary regulator responsible for formulating and enforcing stock market policies and rules. In recent years, driven by financial technology, with service fees declining, it has become extremely convenient to invest in stocks in Singapore, appealing to a large number of retail investors into the market. As a result, an increasing number of international brokers start to focus on the country. Overall, Singapore is a globally important financial center, and the local stock market is growing steadily in size and regulation, with sufficient liquidity and enhanced market confidence. In an attempt to help investors to get a more comprehensive understanding of the brokers in Singapore, WikiStock survey team decides to go to the country for on-site visits to local companies.

On-site visit

In this issue, the survey team went to Singapore to visit broker KGI as planned according to its regulatory address that 4 Shenton Way, #13-01, SGX Center 2, Singapore.

The investigators arrived at 4 Shenton Way in Singapore for a visit to the broker‘s office on December 10, 2023, and located SGX Center 2 in the city’s CBD. The tower, together with SGX Center 1, constitutes a high-rise twin-tower complex. As the gateway to Marina South within the Central Region of Singapore, the building boasts a coveted location easily accessible via public transports.

Upon arrival at the modern tower with high security for further investigation, the survey personnel spotted a reception area and a directory in the lobby, which displayed that “KGI” is situated in unit 13-01. However, people werent allowed to visit the working area without an access card or registration. Unfortunately, the actual office size of the company was undetermined due to the failure to pay an internal visit its office and take photos.

Through the on-side investigation, it is confirmed that the broker has a physical presence at the location.

Conclusion

The survey team went to Singapore to visit broker KGI as scheduled, and found the companys name at its regulatory address. This denotes that the broker has a physical business office at the place. Meanwhile, investors are advised to make a judicious decision following an overall consideration.

Disclaimer

The content is used for informational purpose only, and shall not be taken as a final order for making a choice.