Shares in bourse operator Singapore Exchange Ltd suffered their steepest daily fall in more than a decade after the company said its profit would be hit when a licence to offer a suite of regional equity derivatives ends in February 2021. Hong Kong Exchanges and Clearing Ltd will instead host trade in the contracts, which are tied to MSCI Inc’s indexes and licensed from MSCI. Singapore Exchange estimates a potential 10-15% hit to next year’s profit as a result.
from Yahoo Finance https://ift.tt/2X2Adfj
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