SGX hit by loss of most MSCI contracts to HKEx
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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.
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