The Singapore Exchange (SGX) has reported a nine percent drop year-on-year (YoY) to S$149.7m in equity derivatives revenue in its H1 FY21 results ended on 31 December 2020.

The exchange’s adjusted net profit rose by seven percent to S$228m led by the growth of equities cash revenue. The equity derivatives segment, which accounted for 29% of the total revenue (S$521m), was generated from trading and clearing (S$110.6m) as well as treasury and others (S$39.1m). Revenues and adjusted net profit were down five percent and 19% YoY mainly due to ‘a change in [the] mix of products and introductory fees for the new FTSE products suite’ and ‘lower t

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