ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Nikkei Markets

SGX sees better trading conditions helping equities business

Quarterly profit slips as weakness in stock market offsets gains in derivatives

SINGAPORE (Nikkei Markets) -- Singapore Exchange said it expects its securities business to improve even as it posted a drop in quarterly profits, hurt by fewer new listings and shrinking stock market trading values.

SGX blamed the fall in securities revenue on weakness in global stock markets, which it said made investors more cautious. Its revenue from companies seeking to list on it fell 15% from a year ago in the third quarter ended March, while securities trading and clearing revenue dropped 30%.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more