Presentation to Japan Securities Summit11 March 2010

Singapore Exchange

Wai Kwong SECKSenior Executive Vice President & Chief Financial OfficerSingapore Exchange

2

SGX’s Revenue Distribution

47%28%

4%

21%Derivatives

Securities

Domestic1H FY10: 51%

Asian Gateway1H FY10: 49%

3

Asian Gateway Products

Xinhua A50 Futures

MSCI Taiwan Futures

219 listings:

155 China

47 Hong Kong

17 Taiwan

Asian GatewayAsian Gateway

Structured Warrants

CNX Nifty Index Futures

4 listings

MSCI India ETF

S&P Nifty ETF

Capital Raising PlatformsCapital Raising Platforms

Risk Management CentreRisk Management Centre

IndiaGreater China

Nikkei Index Futures

Apex50 /Euroyen/JGB/SIMSCI

66 listings:

57 S.E. Asia;7 Japan;2 Korea

Japan, Korea & ASEAN ETF

Structured Warrants

Rest of Asia- Equity Index Futures NIFTY / MSCI TAIWAN / NIKKEI / SIMSCI

- Investment Funds REITS / Business Trusts / Certificates / ETF’s

- Optionality Warrants / MSCI TAIWAN Options / NIKKEI Options / SIMSCI Options

- Single Stock Mainboard / Catalist / Extended Settlement

- Asset Classes AsiaClear Commodities / Interest Rate Futures / Bonds / Sicom Rubber

4

Securities Market Overview

Key drivers Metrics

Daily Average Trading Value $1.6B

Daily Average Trading Volume (shares) 1.8B

Turnover Velocity 62%

Market Capitalisation $669B

No. of Listed companies, REITs, Funds & Hedge Funds 773

ETFs 49

No. of Bonds 1186

5

Securities Market Turnover

Monthly Trading Value (In billion)

Straits Times Index (STI)

05

101520253035404550

Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Sep-09 Oct-09 Nov-09 Dec-09 Jan-100

500

1,000

1,500

2,000

2,500

3,000

3,500

Monthly Trading Value (In billions) STI

6

Securities Market ActivityProduct Turnover (Dec 09) Listings

At end of Dec 09

7

Derivatives Market Overview

Key drivers Metrics

Daily Average Volume (contracts) 214,000

Algo participation 25%Extended trading hours Till 1.00 amDT contracts

Futures 18Options 7Structured warrants 315

Extended settlement contracts 68

SICOM contractsCommodities futures 2

AsiaClearâ

Swaps contracts 28

8

Derivatives Market Activity

0

50

100

150

200

250

300

0.00.51.01.52.02.53.03.54.0

Jan/

08

Mar

/08

May

/08

Jul/0

8

Sep/

08

Nov

/08

Jan/

09

Mar

/09

May

/09

Jul/0

9

Sep/

09

Nov

/09

Ope

n In

tere

st (t

hous

ands

)

Volu

me

(mill

ions

)

Volume Open Interest

Nikkei 225 Index Futures Volume and Open Interest

010203040506070

0

5

10

15

20

25

Sep-

08O

ct-0

8N

ov-0

8D

ec-0

8Ja

n-09

Feb-

09M

ar-0

9Ap

r-09

May

-09

Jun-

09Ju

l-09

Aug-

09Se

p-09

Oct

-09

Nov

-09

Dec

-09 Ope

n In

tere

st (T

hous

ands

)

Aver

age

Dai

ly V

ol.

(Tho

usan

ds)

Average Daily Vol. Month-end Open Interest

MSCI S’pore Index Futures Volume and Open Interest

MSCI Taiwan Index Futures Volume and Open Interest

050100150200250300350400450500

01020304050607080

Dec

-07

Feb-

08

Apr-

08

Jun-

08

Aug-

08

Oct

-08

Dec

-08

Feb-

09

Apr-

09

Jun-

09

Aug-

09

Oct

-09

Dec

-09

Ope

n In

tere

st (T

hous

ands

)

Aver

age

Dai

ly V

ol.

(Tho

usan

ds)

Average Daily Vol. Month-end Open Interest

S&P CNX India Index Futures Volume and Open Interest

0

50,000

100,000

150,000

200,000

250,000

0

20,000

40,000

60,000

80,000

100,000

Jan-07 Jul-07 Jan-08 Jul-08 Jan-09 Jul-09

Ave

rage

Dai

ly V

olum

e

Average Daily Volume Open Interest

9

Exchange Industry

• Trends Driving Change

• Mobility of global capital

• Customers Need to Manage Risk: Product innovation

• Technology

• Pressure on Costs/Choice: Consolidation/new entrants

• Regulatory changes

=> Increasingly intense competition

10

SGX Strategy

• What SGX has done

• Mobility of Capital - Asian Gateway

• Product innovation – Single Stock Futures, Fuel Oil, Gold

• Technology – Upgrade systems

• Consolidation and new entrants – Chi-East, Extended Trading Hours

• Regulatory changes – OTC Clearing

11

Key Technology Milestones

• Securities MarketNew Trading Engine, QUEST-ST (July 2008)Prime Pre-Settlement Matching Service, PSMS (Oct 2008)

• Derivatives MarketData Engine, SGXDE-DT (Jan 2008)Upgraded Trading Engine, QUEST-DT (Dec 2008)Derivatives Clearing, SECUR-DC (Dec 2009)

• Other ServicesNew Website (Feb 2009)

Going forward SGX is investing in technology to support OTC clearing of financial products and other areas like Risk Management.

12

Prospects

Areas of Potential Growth:

• Algo Trading

• Dark Pools

• OTC Clearing

• Foreign Listings/Catalist

• Commodities

13

Thank You