SGX Q2 profit up 9.2%; derivatives remain sweet spot

Singapore

SINGAPORE Exchange's second quarter net profit rose 9.2 per cent to S$96.5 million from a year ago on the back of higher revenue, particularly in its ever-growing sweet spot - derivatives - and market data and connectivity while the equities and fixed income businesses were tested by a fragile global backdrop.

The group's topline improved 9.3 per cent in the three months to December to S$224.16 million from S$205.05 million. Equities and fixed income revenue fell 12 per cent to S$86 million and accounted for 38 per cent of total revenue while derivatives revenu…