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

Singapore Exchange hurt by HKEX's China derivatives move

Competition could eat into SGX's most lucrative business

SGX has been relying on derivatives to grow revenues and profits in recent years.   © Reuters

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.

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