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SGX hit by loss of most MSCI contracts to HKEx

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Angela Tan

Angela Tan

Published Wed, May 27, 2020 · 09:50 PM
    A shot in the arm
    Taking a plunge

    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.

    Singapore StocksHKEXSGXMSCIDerivatives

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