Derivatives volumes at the SGX remained unchanged at 26.3 million contracts over the prior quarter, and revenue from that business amounted to $52 million on par with its revenue from its SGX securities segment.
The Singapore Exchange (SGX) has today released results for its Q3 for its fiscal year (FY) 2014, according to information published on its website and a video broadcast recording held by its CEO Magnus Bocker at 6pm Singapore Time earlier this afternoon in Asia.
The exchange operator posted a net profit of $76 million for its Q3 for FY2014, down 22% year over year, and little changed to its prior quarter - up 1% Quarter-over-Quarter (QoQ).
SGX's dividend per share remained unchanged, at 4 cents per share, and earnings per share based on the net revenue totaled 7.1 cents per share, up from 7.0 cents per share in the prior quarter, equating to its revenue total of $166 million for Q3 up from $165 million in its prior fiscal year quarter.
The revenue for the exchanges securities business was on par with the revenue total from its derivatives segment, both at $52 million during its Q3 FY2014, and totaling $104 million from the $166 million in revenue reported.
Futures on the Chinese yuan renminbi (RMB) are planned to be launched subject to regulatory approval before the end of the year, around the 3rd quarter of 2014, according to SGX. Derivatives trading had remained strong although unchanged from the prior quarter as can be seen in the chart above, excerpted from the SGX's official press release.
The exchange had implement a number of new changes such as adding dynamic circuit breakers, new order types to help with execution, and a new fee structure to be effective June 1st 2014, along with revisions for market maker and Liquidity providers.
The exchange also completed a thorough review of its market with the Monetary Authority of Sinagpore (MAS), with orderly trading and responsible investing, transparency and the process for adding new listing and enforcing listing rule breaches, as all areas that it would focus on improving.
Magnus Bocker, CEO of Singapore Exchange, said in the announcement, “Apart from the Nikkei 225 which had a very strong quarter a year earlier, our derivatives volumes performed credibly, demonstrating strength in the diversity of our portfolio. We also announced several new derivatives contracts including more foreign exchange futures such as contracts for the renminbi and the China A50 equity index options in support of our China focus.”
Retail participation had grown at SGX but trading volumes were down despite the larger number of traders year over year. Shares of SGX traded down 4 cents today and were little changed, around time of coverage by Forex Magnates.
The Singapore Exchange (SGX) has today released results for its Q3 for its fiscal year (FY) 2014, according to information published on its website and a video broadcast recording held by its CEO Magnus Bocker at 6pm Singapore Time earlier this afternoon in Asia.
The exchange operator posted a net profit of $76 million for its Q3 for FY2014, down 22% year over year, and little changed to its prior quarter - up 1% Quarter-over-Quarter (QoQ).
SGX's dividend per share remained unchanged, at 4 cents per share, and earnings per share based on the net revenue totaled 7.1 cents per share, up from 7.0 cents per share in the prior quarter, equating to its revenue total of $166 million for Q3 up from $165 million in its prior fiscal year quarter.
The revenue for the exchanges securities business was on par with the revenue total from its derivatives segment, both at $52 million during its Q3 FY2014, and totaling $104 million from the $166 million in revenue reported.
Futures on the Chinese yuan renminbi (RMB) are planned to be launched subject to regulatory approval before the end of the year, around the 3rd quarter of 2014, according to SGX. Derivatives trading had remained strong although unchanged from the prior quarter as can be seen in the chart above, excerpted from the SGX's official press release.
The exchange had implement a number of new changes such as adding dynamic circuit breakers, new order types to help with execution, and a new fee structure to be effective June 1st 2014, along with revisions for market maker and Liquidity providers.
The exchange also completed a thorough review of its market with the Monetary Authority of Sinagpore (MAS), with orderly trading and responsible investing, transparency and the process for adding new listing and enforcing listing rule breaches, as all areas that it would focus on improving.
Magnus Bocker, CEO of Singapore Exchange, said in the announcement, “Apart from the Nikkei 225 which had a very strong quarter a year earlier, our derivatives volumes performed credibly, demonstrating strength in the diversity of our portfolio. We also announced several new derivatives contracts including more foreign exchange futures such as contracts for the renminbi and the China A50 equity index options in support of our China focus.”
Retail participation had grown at SGX but trading volumes were down despite the larger number of traders year over year. Shares of SGX traded down 4 cents today and were little changed, around time of coverage by Forex Magnates.
FX Volatility Impacts Q1 Revenue of Compagnie Financière Tradition
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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