Stronger Derivatives Turnover Underpins Singapore Exchange's 2Q Result
Narrow-moat Singapore Exchange maintained a reasonably strong second-quarter result, underpinned by stronger derivatives turnover. Net profit of SGD 88.3 million in the second quarter was steady against the year-ago period and largely in line with SGD 90.7 million in first-quarter 2018. While our full-year forecasts are slightly ahead of the year-to-date result, we maintain our forecast, as we anticipate a more buoyant capital market in second-half fiscal 2018.Daily average value for securities...
Singapore Exchange is an investment holding company. Co. and its subsidairies are organised into three main business segments as follows: Securities market, which provides listing, trading, clearing, depository, market data, member services, connectivity, collateral management and issuer services; Derivatives market, which provides trading, clearing, market data, member services, connectivity and collateral management; as well as Other operations, which provides market data, connectivity and other services apart from those listed in the Securities market and Derivatives market segments. Co. and its subsidairies operate primarily in Singapore.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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