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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  Hong Kong Exchanges and Clearing Limited    388   HK0388045442

HONG KONG EXCHANGES AND CLEARING LIMITED

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SGX teams up with FTSE Russell for multi-asset derivatives products

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08/20/2020 | 05:43am EDT
Outbreak of the coronavirus disease (COVID-19) in Singapore

Singapore Exchange Ltd (SGX) has expanded its partnership with global index provider FTSE Russell, under which both parties will jointly develop and market Asian and emerging markets focused, multi-asset index derivatives products.

"In the next few months, you will see a series of product launches on the back of this agreement," Loh Boon Chye, SGX's CEO told reporters on Thursday.

The move by SGX comes just three months after index provider MSCI Inc said it would shift licensing of many Asian derivatives to Hong Kong Exchanges and Clearing Ltd from Feb. 2021, dealing a blow to SGX's lucrative derivatives business.

SGX's suite of equities, commodities and forex derivative products have helped power its earnings growth over the past few years.

SGX and FTSE Russell said the new core products will be anchored around FTSE Russell's global benchmark indexes for fixed Income, listed real Estate, global equities and currencies.

FTSE Russell is a unit of the London Stock Exchange Group.

(Reporting by Anshuman Daga; Editing by Toby Chopra)


Stocks mentioned in the article
ChangeLast1st jan.
HONG KONG EXCHANGES AND CLEARING LIMITED 1.66% 367.2 End-of-day quote.45.14%
LONDON STOCK EXCHANGE PLC -0.32% 8808 Delayed Quote.14.01%
MSCI, INC. -0.80% 362.67 Delayed Quote.41.61%
SINGAPORE EXCHANGE LIMITED -0.33% 9.17 End-of-day quote.3.50%
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Financials
Sales 2020 18 548 M 2 393 M 2 393 M
Net income 2020 11 023 M 1 422 M 1 422 M
Net cash 2020 74 112 M 9 563 M 9 563 M
P/E ratio 2020 41,9x
Yield 2020 2,13%
Capitalization 464 B 59 917 M 59 919 M
EV / Sales 2020 21,0x
EV / Sales 2021 16,8x
Nbr of Employees 2 182
Free-Float 94,1%
Chart HONG KONG EXCHANGES AND CLEARING LIMITED
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Technical analysis trends HONG KONG EXCHANGES AND CLEARING LIMITED
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 397,91 HKD
Last Close Price 367,20 HKD
Spread / Highest target 25,8%
Spread / Average Target 8,36%
Spread / Lowest Target -30,8%
EPS Revisions
Managers
NameTitle
Xiaojia Li CEO & Executive Director
Romnesh Lamba Co-President
Chi Kin Tai Co-President & Chief Operating Officer
May Lung Cha Non-Executive Chairman
Vanessa Lau Group Chief Financial Officer
Sector and Competitors
1st jan.Capitalization (M$)
HONG KONG EXCHANGES AND CLEARING LIMITED45.14%58 937
INTERCONTINENTAL EXCHANGE, INC.9.45%56 854
LONDON STOCK EXCHANGE PLC14.01%40 050
DEUTSCHE BÖRSE AG4.60%31 503
NASDAQ20.33%21 168
MARKETAXESS HOLDINGS INC.41.93%20 431