The Singapore Exchange (SGX) has said it will introduce new ASEAN equity futures and foreign exchange futures during the next few quarters of operations.
The indication was given by Magnus Bocker, CEO of SGX in the financial report of SGX’s first quarter, in which the firm made net profits of S$92 million, a 24% increase on the same period in 2012.
Derivatives revenue now contributes 28% of SGX’s total revenue. Total derivatives volumes grew 36% led by increased volumes for China A50 futures and Nikkei 225 futures and options.
SGX also confirmed that it has received an automated trading services licence in Hong Kong.
Securities clearing revenue at SGX bounced back 17% to $54.4 million as a result of institutions trading a broader range of stocks and increased retail participation. Clearing revenue a year earlier was also lower due to block trades driven by merger and acquisition-related activities.