Published On: Sun, Feb 9th, 2014

SGX AsiaClear Volumes Grow in January

Magnus Bocker CEO of SGX

Magnus Bocker CEO of SGX

Singapore Exchange (SGX) on 5 February said securities and derivatives trading volumes declined while its clearing activities grew in January.

Securities
• Total value of securities traded was $22.5 billion, down 44% from $40.1 billion last year; daily average value declined to $1.1 billion from $1.8 billion.
• A total of 44 bonds were listed, raising $23.8 billion, an increase of 18% year-on-year. The biggest debts listed were 2 Indonesian sovereign bond issues, namely the US$2 billion 5.875% Notes due 2024 and US$2 billion 6.75% Notes due 2044.
• There were 5 new IPOs in January raising $412 million, compared with $10 million raised from 1 IPO in January 2013.

Derivatives
• Derivatives volume declined 7% year-on-year to 8.8 million contracts.
• Open interest at end-January rose 6% from a year earlier to 3.1 million contracts.
• China A50 futures volume rose 21% to 2.4 million contracts, MSCI Taiwan futures trading declined 14% to 1.4 million contracts while Nikkei 225 futures trading was down 29% to 2.4 million contracts. The MSCI Indonesia futures volume more than doubled to 23,916 contracts.

OTC Clearing
• A total of $6.9 billion of new OTC financial derivatives transactions were cleared, up 6% year-on-year.
• Volume of SGX AsiaClear commodities cleared more than doubled year-on-year to 108,710 contracts.
• Volume of iron ore swaps, futures and options cleared more than doubled from a year earlier to a record 98,348 contracts. Open interest also hit a monthly record of 87,519 contracts.
• SICOM rubber futures volume increased 6% from a year earlier to 28,049 contracts.

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