SGX clarifies Bloomberg report on revenue from derivatives

Not a revenue forecast, SGX said.

In a release, Singapore Exchange made a clarification pertaining to Bloomberg’s report “Singapore Bourse Plans Thai, Philippine Futures” on 8 March 2013.

The statement “SGX will increase revenue from derivatives 10 percent to 15 percent this year as the operator of Southeast Asia's biggest bourse introduces more products linked to benchmark stock indexes in the region” was an explanation of the general growth trends of SGX’s derivatives business should there be a continuation of past trends.

As announced in SGX’s February report, SGX’s derivatives daily average volume (DDAV) grew 59% year-on-year and 11% month-on-month to a third straight record one-month high of 512,551 contracts. The Bloomberg report is not to be misconstrued as a forecast of SGX’s revenue.