Singapore Exchange Derivatives will launch Bitcoin and Ethereum perpetual futures on Nov. 24, becoming the first major Asian exchange to offer exchange-cleared crypto perpetual futures. The contracts will be restricted to institutional, accredited, as well as expert investors as defined under Singapore’s regulatory framework. The products will be benchmarked to iEdge CoinDesk Crypto Indices and provide continuous trading without expiry dates, according to SGX’s official announcement. Bitcoin contracts w ...

The derivatives arm of Singapore Exchange (SGX) said on Monday that it would launch bitcoin and ether cryptocurrency perpetual futures trading on its platform. ...

Crypto traders on a -20% day:Act calm. Look unbothered. Pray inside. https://t.co/VntopARk7jPoloniex Exchange (@Poloniex):Stepping away from the crypto markets this weekend.Peace, fresh air, and zero charts.🚣‍♂️🍃See you on Monday. ✌️ https://t.co/rBe5dhD05e ...

Group 1 - The Dow is on track to close above 48,000 for the first time, indicating a significant milestone in the market [1] - Taiwan Semiconductor Manufacturing Company (TSMC) is expected to trade higher, potentially influenced by upcoming Nvidia earnings call [2] - Health Equity (HQI), the largest health savings plan company, is highlighted as a strong player in the healthcare sector [2] Group 2 - Biotech is identified as a promising segment within healthcare, with expectations for continued growth in the upcoming year [2] - CBOE Holdings is mentioned as a stock that has reached a new all-time high, suggesting strong performance and investor confidence [3]

Core Insights - The total short interest in all Nasdaq securities increased to 17,265,222,015 shares as of October 31, 2025, up from 16,909,289,866 shares in the previous reporting period [3] - The average days to cover for all Nasdaq securities decreased to 1.54 days from 1.61 days in the prior period [3] Nasdaq Global Market - Short interest in 3,402 Nasdaq Global Market securities totaled 14,079,841,205 shares at the end of October 31, 2025, compared to 13,834,913,159 shares in 3,382 issues reported for the prior settlement date [1] - The average days to cover for the Nasdaq Global Market securities was 1.99 days, down from 2.09 days in the previous reporting period [1] Nasdaq Capital Market - Short interest in 1,695 securities on The Nasdaq Capital Market reached 3,185,380,810 shares at the end of October 31, 2025, an increase from 3,074,376,707 shares in 1,682 securities for the previous period [2] - The average days to cover remained stable at 1.00 day for both reporting periods [2] Short Sale Definition - A short sale is defined as the sale of a security that the seller does not own or any sale consummated by the delivery of a borrowed security [4]

Core Viewpoint - Nasdaq Inc. is preparing for a significant increase in ETF listings following the SEC's approval for asset managers to offer ETFs as share classes of existing mutual funds, which could lead to hundreds of new listings in the $13 trillion US ETF market [1][2]. Group 1: Nasdaq's Strategic Moves - Nasdaq is actively hiring to enhance its capabilities in anticipation of the upcoming wave of ETF listings, focusing on both the exchange-traded product group and the legal and compliance sectors [3]. - The exchange has recently appointed Kristian D'Agostino as senior director of ETFs to strengthen its team and ensure efficiency in the listing process [3]. Group 2: Market Context and Challenges - The SEC's recent decision is seen as a pivotal moment in asset management, with approximately 80 competitors also seeking approval to create ETF share classes [2]. - Concerns have been raised regarding the technical challenges of implementing this new structure, with experts suggesting that launching a successful ETF strategy may not be straightforward and could strain the market-making ecosystem [4].

Core Points - The TMX Group and various stakeholders celebrated the World Federation of Exchanges (WFE) Ring the Bell for Climate event, coinciding with the inaugural Canada Climate Week Xchange (CCWX) [1][2] - CCWX aims to foster collaboration on climate-related challenges and opportunities in Canada, taking place from November 24-30 [1] - The WFE's Ring the Bell for Climate campaign emphasizes the finance industry's role in sustainability and climate action, encouraging exchanges to channel capital towards sustainable initiatives [2]

Core Viewpoint - Inflation is eroding purchasing power, making dividend stocks that grow payouts faster than inflation essential for investors in Singapore to preserve and enhance their purchasing power [1][16]. Group 1: Dividend Stocks Overview - Four Singapore dividend stocks identified as capable of outpacing inflation include Singapore Exchange (SGX), Parkway Life REIT, CapitaLand Integrated Commercial Trust (CICT), and Haw Par Corporation [2][16]. Group 2: Singapore Exchange (SGX) - SGX operates as a multi-asset exchange providing listing, trading, and clearing services across various markets, benefiting from a monopoly position in Singapore [3]. - SGX has consistently increased its dividend payout, with a five-year compound annual growth rate (CAGR) of 4%, from S$0.32 in FY2021 to S$0.375 in FY2025 [4]. - The dividend payout ratio has remained sustainable, ranging from 60.8% to 76.9%, supported by an 8.4% year-on-year growth in net profit from S$598 million to S$648 million in FY2025 [4]. - At a share price of S$16.82, SGX offers a dividend yield of 2.2% [5]. Group 3: Parkway Life REIT - Parkway Life REIT focuses on a diversified portfolio of healthcare and nursing home properties across multiple countries, delivering uninterrupted distribution per unit (DPU) growth since its 2007 listing [6]. - DPU has increased from S$0.0632 at IPO to S$0.1492 in FY2024, representing a 136% increase [6]. - For YTD 3Q2025, PLife REIT reported a DPU of S$0.1156, up 2.3% year-on-year [7]. - The portfolio's weighted average lease expiry (WALE) is 14.68 years, with a healthy gearing ratio of 35.8% [8]. - At a price of S$4.05, PLife REIT has a dividend yield of 3.7% [9]. Group 4: CapitaLand Integrated Commercial Trust (CICT) - CICT is Singapore's largest retail and commercial REIT, with a portfolio that includes retail malls and office towers, allowing for upward rent repricing [10]. - The portfolio occupancy rate is 96.3%, with retail and commercial occupancy rates at 98.6% and 94.6%, respectively [11]. - CICT's DPU has shown stability and growth, increasing from S$0.1058 in FY2022 to S$0.1088 in FY2024 [11]. - At S$2.32, CICT offers a dividend yield of 4.8% [12]. Group 5: Haw Par Corporation - Haw Par operates in healthcare, leisure, property, and investments, known for its Tiger Balm brand, generating stable recurring dividend income [13]. - From FY2020 to FY2024, the dividend per share increased from S$0.30 to S$1.40, with a sustainable payout ratio between 38.8% and 60.2% [14]. - In the latest financial year, 73% of earnings came from investments, with a dividend yield of 2.6% at a share price of S$15.49, excluding a special dividend [15]. Group 6: Investment Implications - With Singapore's inflation projected at 0.5% to 1.5% for 2025, these dividend growers provide meaningful real returns above inflation, making them essential for protecting purchasing power [16]. - Focusing on dividend growth rather than just yield is crucial for long-term inflation protection [17].

Core Insights - TMX Group Limited reported significant increases in trading statistics for October 2025 across its marketplaces, indicating robust market activity and growth compared to previous periods [1][2]. Trading Statistics - Total trading volume in October 2025 reached 18,846,129,482 shares, up from 17,189,380,707 in September 2025 and 11,818,894,460 in October 2024, reflecting a year-over-year increase of 59.4% [2]. - The total value of trades in October 2025 was $388,951,149,042, compared to $378,148,495,945 in September 2025 and $275,535,479,382 in October 2024, marking a 41.1% increase year-over-year [2]. - The number of transactions in October 2025 was 32,543,664, up from 27,283,644 in September 2025 and 21,395,785 in October 2024, representing a 52.0% increase year-over-year [2]. Daily Averages - Daily average trading volume in October 2025 was 856.6 million shares, compared to 818.5 million in September 2025 and 537.2 million in October 2024, showing a 59.5% increase year-over-year [3]. - The daily average value of trades was $17,679.6 million in October 2025, down slightly from $18,007.1 million in September 2025 but up from $12,524.3 million in October 2024, indicating a 41.1% increase year-over-year [3]. - Daily average transactions were 1,479,257 in October 2025, compared to 1,299,221 in September 2025 and 972,536 in October 2024, reflecting a 52.0% increase year-over-year [3]. Year-to-Date Statistics - For the year-to-date in 2025, total trading volume reached 137,167,577,640 shares, a 26.3% increase from 108,571,984,222 in 2024 [4]. - The total value of trades year-to-date in 2025 was $3,279,799,187,060, up 29.9% from $2,524,409,457,579 in 2024 [4]. - The number of transactions year-to-date in 2025 was 257,619,241, representing a 25.1% increase from 205,871,281 in 2024 [4]. Toronto Stock Exchange - In October 2025, the Toronto Stock Exchange recorded a trading volume of 10,276,749,913 shares, up from 9,859,266,723 in September 2025 and 7,410,735,875 in October 2024, indicating a 38.5% increase year-over-year [6]. - The total value of trades on the Toronto Stock Exchange in October 2025 was $359,530,835,199, compared to $354,597,976,029 in September 2025 and $258,170,442,462 in October 2024, reflecting a 39.2% increase year-over-year [6]. - The number of transactions on the Toronto Stock Exchange in October 2025 was 27,510,977, up from 23,443,698 in September 2025 and 18,895,859 in October 2024, representing a 45.7% increase year-over-year [6]. TSX Venture Exchange - The TSX Venture Exchange reported a trading volume of 6,622,291,383 shares in October 2025, an increase from 5,805,056,692 in September 2025 and 3,314,442,275 in October 2024, marking a 99.5% increase year-over-year [10]. - The total value of trades on the TSX Venture Exchange in October 2025 was $6,100,705,074, compared to $4,442,233,002 in September 2025 and $1,432,967,777 in October 2024, indicating a 325.5% increase year-over-year [10]. - The number of transactions on the TSX Venture Exchange in October 2025 was 2,567,858, up from 1,807,632 in September 2025 and 797,469 in October 2024, reflecting a 222.5% increase year-over-year [10]. TSX Alpha Exchange - The TSX Alpha Exchange recorded a trading volume of 1,893,812,483 shares in October 2025, up from 1,480,458,760 in September 2025 and 1,077,118,524 in October 2024, representing a 75.6% increase year-over-year [14]. - The total value of trades on the TSX Alpha Exchange in October 2025 was $22,249,060,790, compared to $18,165,169,218 in September 2025 and $15,360,507,092 in October 2024, indicating a 44.8% increase year-over-year [14]. - The number of transactions on the TSX Alpha Exchange in October 2025 was 2,314,065, up from 1,900,198 in September 2025 and 1,649,664 in October 2024, reflecting a 40.4% increase year-over-year [14]. Montreal Exchange - The Montreal Exchange reported a derivatives volume of 19,430,481 contracts in October 2025, slightly down from 19,774,523 in September 2025 but up from 18,178,423 in October 2024 [22]. - The open interest in contracts on the Montreal Exchange was 33,112,659 in October 2025, compared to 30,757,922 in September 2025 and 22,135,497 in October 2024, marking a 49.6% increase year-over-year [22]. - Year-to-date derivatives volume in 2025 reached 193,994,017 contracts, a 21.1% increase from 160,129,974 in 2024 [23].

Core Viewpoint - Everbright Securities maintains an "Overweight" rating for Hong Kong Exchanges and Clearing (HKEX), citing its unique position and strong financial performance in the first three quarters of 2025, with expectations for continued growth in the fourth quarter due to active market sentiment and policy support for mainland companies listing in Hong Kong [1] Financial Performance - In the first three quarters of 2025, HKEX achieved total revenue of HKD 21.85 billion, a year-on-year increase of 36.6%, with the growth rate accelerating by 4.1 percentage points compared to the first half of the year; Q3 revenue growth was 44.7% year-on-year and 7.7% quarter-on-quarter [2] - The net profit attributable to shareholders for the first three quarters was HKD 13.42 billion, up 44.8% year-on-year, with a growth rate increase of 5.7 percentage points compared to the first half; Q3 net profit growth was 55.8% year-on-year and 10.3% quarter-on-quarter [2] Revenue Breakdown - Trading fees, system usage fees, and settlement fees accounted for HKD 13.1 billion (60.0% of total revenue), up 60.5% year-on-year, with Q3 growth rates of 83.6% year-on-year and 28.2% quarter-on-quarter, driven by heightened trading activity in the Hong Kong stock market [2] - Investment income for the first three quarters was HKD 3.89 billion (17.8% of total revenue), a year-on-year increase of 4.4%, with a narrowing growth rate compared to the first half; net investment income from funds was HKD 1.3 billion, down 7.8% year-on-year [3] - Listing fee revenue was HKD 1.27 billion (5.8% of total revenue), up 17.1% year-on-year, benefiting from increased market volatility and demand for structured products [3] Market Activity - The average daily trading volume for stock securities on the exchange reached HKD 238.7 billion in the first three quarters, a record high, with a year-on-year increase of 132.4%; Q3 growth was 149.9% year-on-year [4] - The average daily trading volume for derivatives was HKD 17.7 billion, up 67.0% year-on-year, with Q3 growth of 59.5% year-on-year [4] - Northbound and southbound trading average daily volumes were RMB 206.4 billion and HKD 125.9 billion, respectively, both record highs, with year-on-year increases of 67.4% and 228.7% [4] New Listings - In the first three quarters of 2025, HKEX saw 69 new listings, a year-on-year increase of 53.3%, raising a total of HKD 188.3 billion, which is a 238.7% increase year-on-year; Zijin Mining's listing in Q3 was the second-largest globally this year, raising HKD 28.7 billion [5] - As of the end of Q3 2025, there were 297 listing applications pending, representing a 253.6% increase from the end of the previous year [5]