Published On: Mon, Nov 5th, 2012

SGX Derivatives and Clearing Volumes Grow

Singapore Exchange (SGX) recorded volume growth in derivatives and commodities trading and clearing in October but securities market activity declined.

Securities
* Turnover fell 6% year-on-year to S$26.0 billion while daily average value (SDAV) was 14% lower at S$1.2 billion.
* Compared with September, turnover fell 8% while SDAV was 16% lower.
* Catalist turnover grew 90% year-on-year to S$626 million.
* Turnover of foreign currency-based Mainboard shares grew 13% year-on-year to S$1.4 billion.
* Bond listings totaled 39 raising S$19 billion compared with nine raising S$2.5 billion a year earlier; the biggest new bond listed in October was Nippon Life Insurance Company’s US$2 billion 30-year note.

Financial Derivatives
* Volume grew 20% year-on-year to 7.0 million contracts and daily average volume was 10% up at 333,464 contracts.
* The newer derivatives contracts continued to gain traction. China A50 futures volume more than tripled to 1.1 million contracts and Nikkei 225 options volume was up 91% at 556,104 contracts.
* Nikkei 225 futures trading fell 3% to 2.1 million contracts while MSCI Taiwan futures volume grew 6% to 1.4 million contracts and Nifty futures activity rose 12% to 1.4 million contracts.
* Open interest for equity index futures was up 33% as at end-October from a year earlier at almost 1 million contracts.
* OTC interest rate swaps cleared totalled S$307 billion notional since the November 2010 launch. Volume of new trades cleared in October was S$8.9 billion, up 15% year-on-year.

Commodities
* SICOM rubber futures volume grew 23% to 26,956 contracts.
* AsiaClear volume was 68% up at 42,729 contracts; iron ore swaps clearing volume more than doubled to 32,249 contracts while volume of energy swaps cleared quadrupled to 1,695 contracts.

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