SGX: equity derivatives revenue falls 20% in FY21

Treasury and other income decreased 48% YoY to SG$57.5m, mainly due to lower interest rates, said SGX’s FY21 presentation. Equity derivatives volume dropped six percent to 181.2 million contracts. Total equity revenue (derivatives and cash), which represents two-thirds of SGX’s business, fell eight percent to SG$701.1m. The total traded value of cash equities grew three percent to SG$319.6 billion while that of ‘other products’ – structured warrants, exchange-trad