SGX hit by loss of most MSCI contracts to HKEx
Singapore
SINGAPORE Exchange shares were mauled on Wednesday on news that the Hong Kong bourse has struck a deal for a suite of MSCI equity indexes leading to an initial 37 futures and options contracts similar to those offered on SGX.
In an interview with The Business Times (BT), SGX chief executive officer Loh Boon Chye shared that management has estimated a "conservative impact" of 10-15 per cent on FY21 net profit on a pro forma basis, without adjusting for mitigating actions.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Bank of Singapore takes action against employees for misusing medical benefits
UBS weighs synthetic risk transfer amid capital boost proposals
Oil settles higher on supply concerns in the Mid-East, economic woes subdue gains
S-Reits falter as investors weigh possibility of zero rate cuts in 2024
CapitaLand Investment posts total revenue of S$650 million for Q1
Europe: Stoxx 600 logs best day in three months as banks shine