Record profits at Singapore Exchange (SGX) have been driven by its business model as an access hub to the Asia-Pacific region along with soaring derivatives revenues, the exchange said last week.
Reporting an after tax profit of S$187.6m ($118.57m) for the financial year to June-end, up from S$104.4m from the previous period, SGX attributed 23% of revenue to its derivatives segment, from 18% a year earlier. Overall derivatives revenue nearly doubled, to S$96.5m from S$49.6m, with over two thirds of that coming from the international market....