Singapore Exchange Q3 profit rises 16 pct, powered by derivatives

April 22, 2015 9:47 AM

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SINGAPORE, April 22 (Reuters) - Singapore Exchange Ltd met market estimates with a 16.4 percent increase in quarterly net profit as a 52 percent surge in derivatives revenue pushed the bourse operator's profit to the highest in six quarters.

The exchange, which is in the midst of selecting a successor to current CEO Magnus Bocker over the next few weeks, posted a net profit of S$88.2 million ($65.66 million) for January-March, in line with the S$87.6 million average of seven analysts polled by Reuters.

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