Key Takeaways Expansion into multiple asset classes and innovative products diversifies revenue streams and strengthens SGX's competitive position as a gateway for global investors. Technology upgrades, regulatory support, and robust pipeline activity boost operating leverage and support sustainable growth in earnings and revenue diversity.
Key Takeaways Intensifying competition from digital finance and other Asian exchanges threatens SGX's relevance, market share, and ability to attract capital and new listings. Overdependence on derivatives heightens earnings volatility, while tech innovation and cybersecurity pressures risk increased costs and diminishing profitability.
Key Takeaways Rising Asian wealth and Singapore's safe-haven status could drive outsized long-term growth in equity volumes, listings, and fee income. Product innovation, regulatory change, and global partnerships uniquely position SGX to capture new asset classes and expand recurring revenues.