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S68 - Singapore Exchange News Story

S$10.11 0.1  0.5%

Last Trade - 14/05/21

Sector
Financials
Size
Large Cap
Market Cap £5.78bn
Enterprise Value £5.55bn
Revenue £584.6m
Position in Universe 273rd / 6102

UPDATE 1-Singapore Exchange posts record Q4 revenue as derivatives business booms

Wed 31st July, 2019 11:20am
(Adds CEO comment, background)
    SINGAPORE, July 31 (Reuters) - Singapore Exchange Ltd
 SGXL.SI  reported record revenue for the quarter ending June
and its net profit rose 24%, boosted by strong performance at
its derivatives business, while its securities business also
improved.
    "We set all-time records in our derivatives volumes and open
interest, driven by strong global institutional demand for Asian
risk management and investment solutions," Loh Boon Chye, SGX's
CEO said in a statement on Wednesday, as the bourse reported
full-year results.
    SGX's fourth-quarter profit advanced to S$103.9 million
($75.9 million) from a year earlier, while total revenue rose
16.5% to a record S$248 million. Derivatives revenue jumped 52%
and accounted for just over half of its total revenue.
 urn:newsml:reuters.com:*:nFWN1ZN1DB
    Last month, SGX unveiled plans to combine its commodities,
currencies and fixed income unit and named a new head for its
equities segment as part of a corporate rehaul to help drive
growth in multiple asset classes.  L4N23Y0NM 
    The changes were among the most significant at SGX since
Loh, a veteran banker, joined the bourse four years ago.

 ($1 = S$1.3687)

 (Reporting by Anshuman Daga; Editing by Shounak Dasgupta)
 ((anshuman.daga@tr.com; +65 64035676; Reuters Messaging:
anshuman.daga.thomsonreuters.com@reuters.net))
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