Singapore Exchange 3Q earnings dip 1% to S$99.7 mil

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SINGAPORE (April 25): Singapore Exchange (SGX) reported 3Q19 earnings of S$99.7 million, 1% lower than S$100.5 million in 3Q18.

However, on a year-to-date basis, 9M19 earnings came in at S$287.2 million, 3% higher than S$279.5 million in 9M18.

During the quarter, operating revenue increased by 3% to S$228.8 million compared with S$222.2 million in the previous year, mainly due to higher contribution from the exchange’s derivatives and market data & connectivity segments.

Derivatives revenue increased by 32% y-o-y, with higher contribution from equity and commodities, due to increased volumes in the SGX FTSE China A50 and Iron Ore derivatives contracts, as well as significant volume increases in FX futures and MSCI Net Total Return derivatives; and higher contribution from...(click on link for full story on theedgesingapore.com)