SGX net profit up 15 pct in FY 2013

　　The total revenue for SGX of FY 2013 ended at the end of June also recorded at 715.1 million Singapore dollars �?64.8 million U. S. dollars）， up about 10 percent on year.

　　During the fourth quarter of FY 2013, the SGX posted a net profit surge of 43 percent on year, registering at 87.6 million Singapore dollars �?9.2 million U.S. dollars）� The operating revenue also gained 28 percent on year.

　　Magnus Bocker, Chief Executive Officer （CEO� of the SGX, said during the press briefing that the performance of the FY 2013 was the bourse's best performance since FY 2008.

　　��Our continuing investments in new products and wider distribution enabled us to benefit from increased market activities,�� he said, especially in securities and derivatives markets.

　　In FY 2013, the SGX had ��a record year for our derivatives business��. Its total trade volume of derivatives rose to a record of 100.6 million contracts, up 32 percent on year. Individual derivatives daily average volume records were set for both the Japan Nikkei 225 futures and options contracts, and for the China A50 futures and MSCI Indonesia future contracts.

　　Meanwhile, the bourse said its iron ore swaps volumes grew 198 percent to 370,240 contracts, ��accounting for more than 90 percent of global exchange-cleared volumes.��

　　The revenue from securities increased by 9 percent to 269.6 million Singapore dollars �?12.9 million U.S. dollars）， mainly due to higher securities market activities during the second half. The daily average traded value in FY 2013 rose to 1.5 billion Singapore dollars �?.18 billion U.S. dollars）， up 11 percent on year.

　　The SGX said in the press release that ��the need for capital raising and risk management remains robust in Asia despite uncertain global economic conditions.�� It expected its operating expenses for FY 2014 at 320-330 million Singapore dollars �?53-261 million U.S. dollars）、�/div>