Trading and clearing segments drove the strong result, growing by 56% and 70% in 4QFY2024, as “reinvigorated” stock markets boosted trading volumes and values, adds Van Keulen. In the second and third quarter, these segments still grew in the midteens.
Hong Kong Exchanges and Clearing (HKEX) saw “significant acceleration” in the fourth quarter, surpassing Morningstar Equity Research analyst Roy Van Keulen’s expectations for material improvement in the third quarter.
In results posted on Feb 27, HKEX’s revenue for 4QFY2024 ended Dec 31, 2024 grew by 33% y-o-y, compared with 9% for the full year.
