Singapore Exchange Ltd
S68: XSES (SGP)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
SGD 78.30 | Fcjwp | Npgjjtdc |
Singapore Exchange: Growth Underpinned by Increasing Derivatives Demand
Fiscal year to date, trading volume on the Singapore Exchange for currencies and commodities derivatives rose 44% compared with the same period last year. The increase primarily reflects higher demand for iron ore futures, propelled by a rebound in iron ore prices in the first half and increased transactions in foreign exchange futures. Metal and dry bulk volumes increased around 50% year-to-date on the previous corresponding period, while foreign exchange increased by around a third.