ASX, SGX earnings driven by diversified revenue
After the Chess disaster, ASX focuses on rebuilding confidence, while SGX continues investing in its derivatives business. Meanwhile, HKEx mulls data play.
In line with the trend for some of the major global exchanges to diversify revenue streams away from transaction and listing revenues, both the Australian Securities Exchange (ASX) and the Singapore Exchange (SGX) are already benefiting from doing so despite the challenging market and economic environment.
SGX reported an 8.7% year-on-year increase in revenue to S$1.2 billion ($877 million) for the full financial year ended June 30, mainly driven by derivatives revenue, which includes equity
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