SGX Posts First Profit Growth Since 2013 on Derivatives Demand
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Singapore Exchange Ltd. posted its first quarterly profit growth in more than a year after a world-beating rally in Chinese stocks spurred demand for derivatives.
SGX’s profit in the three months through Dec. 31 rose 16 percent to S$86.6 million ($65 million), Southeast Asia’s biggest exchange operator said in a filing today. That was in line with analyst estimates compiled by Bloomberg. Revenue from derivatives jumped 46 percent, spurred by a 183 percent surge in volume on FTSE China A-50 futures, according to the exchange.