Singapore Exchange buys index provider Scientific Beta for $206m

Singapore Exchange buys index provider Scientific Beta for $206m

A logo of the Singapore Stock Exchange (SGX) is pictured outside its premises in the financial district of Singapore April 23, 2014. REUTERS/Edgar Su/Files

Singapore Exchange Ltd (SGX) is buying independent index provider Scientific Beta Pte Ltd for 186 million euros ($206.35 million) in its biggest acquisition, a move it said was aimed at scaling up its index business.