Loh Boon Chye is fortifying the Singapore Exchange’s position as a multi-asset trading platform even as the equity market fires up. Will his approach put the bourse on a sustainable growth path?

SINGAPORE (Apr 2): It is nine in the morning and Loh Boon Chye has just returned from a business trip to the US, but the CEO of Singapore Exchange is showing no signs of fatigue as he sits down to an interview with The Edge Singapore. Loh was in Florida to attend an international futures industry conference, FIA Boca 2018, where he spoke about the growing use of futures in the Asian region.

Indeed, futures are becoming big business for SGX. In 2QFY2018 ended December, derivatives products contributed 41% of the company’s revenue. Over the years, SGX has grown the range of equity and commodities derivatives it offers. Its index futures and options products cover popular indices such as the FTSE China A50 Index and Nikkei 225. It has developed foreign exchange (FX) futures for most of the major regional currencies. And its commodities futures and options include iron ore, rubber and forward freight agreements. In the last five years, SGX’s revenue from derivatives has increased by 81.6%.

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