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SGX was formed on 1 December 1999 as a maintaining enterprise. The equity capital of some former trade agencies, namely Singapore Monetary Exchange (SIMEX), Stock Exchange of Singapore (SES) and Securities Clearing and computer services Pte Ltd (SCCS) went too cancelled and new stocks issued in those groups were fully paid up via SGX. In this manner, all assets previously owned by these 3 agencies were transferred to SGX. The shareholders formerly preserving shares in SES, SIMEX and SCCS received newly issued SGX stocks in Singapore stock market.
On 23 November 2000, SGX became the second one in Asia-Pacific to be indexed via a public offer and a non-public placement in stock investment. Indexed on its own bourse, the SGX share is a component of benchmark indices which include the MSCI Singapore free Index and the STI Index.