Private exchange HGX begins trading of private-company assets

Singapore-based Hg Exchange, believed to be Southeast Asia’s first member-driven private exchange, said its founding members PhillipCapital, PrimePartners, and Fundnel have begun live trading of private company shares.

Assets that can be traded on the exchange include funds, high-growth companies, and other alternative private assets, the exchange said in a statement on Monday. The exchange is named for the chemical symbol for mercury, or Hg, referring both to the metal’s use in thermometers and for the Roman god who acted as a messenger.

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