SGX's brighter outlook tempered by competition

SINGAPORE Exchange's (SGX) latest quarterly results and guidance by management suggest brighter days ahead, but the competitive landscape continues to present challenges for the market operator.

SGX posted reasonably positive results for its second fiscal quarter. Net profit rose 5.5 per cent to S$88.3 million for the three months ended December 2016, the exchange's best year-on-year gain in five quarters.…