Published On: Wed, Jun 4th, 2014

SGX Commodities Volume Grow In May

Magnus Bocker CEO of SGX

Magnus Bocker CEO of SGX

Singapore Exchange (SGX) said on 4 June that its commodities volume grew in May while its securities and derivatives activities declined.

Securities

  • Total value of securities traded was $23.4 billion, down 38% year on year and down 9% month on month; daily average value declined to $1.2 billion.
  • There were 2 IPOs in May. One was a secondary listing while the other was a reverse takeover which raised $16.8 million. In May 2013, there were 4 IPOs raising $1.8 billion.
  • A total of 41 new bonds were listed, raising $17 billion compared to 50 raising $21.9 billion a year earlier. The biggest bond listing was PT Perusahaan Gas Negara (Persero) TBK’s US$1.35 billion 10-year bond. Foreign issuers and currencies accounted for 73% of new bond listings. Outstanding bonds listed on SGX totalled 1,707, which is 18% higher from a year earlier.

Derivatives

  • Derivatives volume declined to 8.1 million contracts, down 26% year on year and down 4% month on month.
  • Total open interest as at end-May was 3.3 million contracts, down 8% from a year earlier.
  • The China A50 futures was the most active contract with 2.0 million contracts traded, up 23% from a year earlier. Volume of India Nifty futures was 1.8 million contracts, up 30% year on year.
  • Volume of Nikkei 225 futures fell 68% to 1.5 million contracts year on year while volume of MSCI Taiwan futures declined 10% to 1.4 million contracts.
  • Volume of new over-the-counter (OTC) Singapore dollar interest rate swaps cleared was $6.7 billion, flat year-on-year and month-on-month.
  • Volume of OTC non-deliverable interest rate swaps in Malaysian Ringgit and Thai Baht cleared was US$3.1 billion since its launch on 7 April 2014.


Commodities

  • Volume of iron ore swaps, futures and options cleared more than quadrupled year on year to a record of 214,534 contracts. The volume of SGX AsiaClear iron ore futures saw a record 142,580 contracts since its launch in April last year. Open interest also reached a monthly record of 166,657 contracts as at end-May.
  • Rubber futures volume was down 4% from a year earlier to 33,215 contracts.

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