SGX: Deutsche reiterates Buy with TP of $8.70, and believes SGX has just started to deliver on its promise after starting 2015 on a solid all-round performance
In Jan, the cash market ADT jumped 21% due to the board lot size reduction on 19 Jan, making Singapore the best ADT growth market in the region (ADT down 13% for AsiaPac).
Despite normalization in the China A50 futures volume (-25% mom, +202% yoy), the derivative market achieved the second-highest volume ever (739k contracts traded/day), with India Nifty futures (+19% mom) and commodities trading (+44%mom) registering fresh records in Jan.
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