Derivatives trading propel SGX to record profit

03 Aug 2007

Singapore Exchange revealed derivatives revenue rose to S$117m ($77.04m), a 22.4% increase over the previous year of S$95.6m, in a record financial year for the exchange. However, the exchange revealed that it had acoounted a cost of S$5m related to Joint Asian Derivatives Exchange (JADE).Hsieh Fu Hua, chief executive officer of SGX said, “We...

The rest of this article is for subscribers only. Would you like to take a free trial?

Unlimited access
Data & graph exports
Daily data brief
Weekly newsletter

News & Analysis access
Extensive data searches
Access to archive
Weekly newsletter

Already have an account?

Username:
Password:

Remember me? | Forgot your password?

“A lot of banks have spent a lot of money calculating the cheapest way to collateralise their positions, and they’ve hired some very bright mathematicians to do it. Why would they gamble all of that by using the cheapest clearing house?”

Senior rates players believe fears of a race to the bottom among clearing houses has been overstated.