Reuters UK, 15 Apr 2009, Kevin Lim
SINGAPORE, April 15 (Reuters) - Singapore Exchange (SGXL.SI), Asia's second-largest listed bourse, posted a bigger-than-expected 56 percent drop in quarterly net profit as trading volumes plunged, but it said it saw prospects in areas such as clearing over-the-counter trades.
"The quarter has been challenging with all revenue categories affected," CEO Hsieh Fu Hua said in a statement. "Nonetheless, there are opportunities that SGX can take advantage of in derivatives, commodities and OTC clearing."
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