, Singapore

SGX’s net profit jumped 16% to $88m in Q3

As derivatives revenue surged.

Singapore Exchange reported that its net profit grew 16% year-on-year to $88m in the third quarter, on back of 52% year-on-year surge in derivatives revenue.

SGX’s derivatives revenue $79.7m during the quarter, reflecting a 49% increase with a total volume of 39 million contracts.

Securities revenue increased grew 1% to $52.8m, while the securities daily average traded value (SDAV) improved 8% to $1.2 billion for the quarter and turnover velocity was flat at 39%.

The 6% increase in total traded value this quarter was partly offset by a 5% drop in average clearing fees

Daily trading frequency by retail clients grew 56% for the STI stocks, as compared to the 22% increase for all stocks. Median retail trade size fell by 40% for STI stocks, as compared to a 26% decline for all stocks.  

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