Morningstar: NYSE benefits from the Derivatives business, expecting the market Fluctuation to continue to support profits

On February 7th, Jinshi Data reported that Morningstar analyst Roy van Kullen wrote in a report that the Singapore Exchange should continue to benefit from market fluctuations, and it is expected that market fluctuations will continue to intensify. The huge derivatives exposure of the new exchange has helped support its profitability, as more than 50% of its revenue comes from derivatives-related products, while this ratio is about 25% for other exchanges. The constantly rising global debt levels, geopolitical tensions, and U.S. trade and tariff policies will continue to bring uncertainty, causing market fluctuations and should continue to benefit the new exchange. In the past year, the stock price of the new exchange has pumped about one-third, and Morningstar has raised its fair value estimate from 13.06 Singapore dollars to 13.60 Singapore dollars.