SINGAPORE (Nikkei Markets) -- Singapore Exchange's derivatives business has been growing steadily, offsetting continued weakness in the local bourse, but fresh competition from the Hong Kong bourse operator is threatening to dent the pace.
SGX shares have fallen around 6% since Monday when Hong Kong Exchanges and Clearing signed a license agreement with global stock index publisher MSCI to introduce futures contracts on the MSCI China A shares index, which track companies that trade on the Shanghai and Shenzhen stock exchanges.