Published On: Fri, May 4th, 2012

SGX Derivatives and Clearing Volumes Grow

Singapore Exchange (SGX) said May 4 derivatives and clearing volumes grew in April from a year earlier but securities activity declined.

Securities
* Securities turnover was 27% lower year-on-year at S$23.5 billion; securities daily average value (SDAV) declined 27% to S$1.2 billion. Compared with March 2012, SDAV was 10% down.
* Catalist turnover was S$998 million, six times that of a year earlier and up 61% from March 2012.
* Daily average outstanding loans under the securities borrowing and lending programme totalled S$26.9 million, up 39% from a year earlier.
* Bond issues totalled 37 raising S$17.4 billion versus 38 issues raising S$18.6 billion a year earlier. The biggest issues were Indonesia’s US$2 billion 10-year note, Korea National Oil Corporation’s US$1 billion five-year note and Samsung Electronics America Inc’s US$1 billion 5-year note.

Derivatives
* Derivatives volume rose 29% year-on-year to 6.3 million contracts; daily average volume (DAV) grew 28% to 322,213 contracts. On a month-on-month basis, DAV fell 9%.
* China A50 futures volume more than tripled to 595,334 contracts while trading of Nikkei 225 futures grew 29% to 2.4 million contracts. MSCI Taiwan futures volume was 18% up at 1.5 million contracts and India’s Nifty futures grew 6% to 1.1 million contracts.
* SICOM rubber futures trading was up 27% at 14,157 contracts.

Clearing
* Volume of commodity contracts cleared grew 40% year-on-year to 13,974 contracts; iron ore swaps volume more than doubled to 7,646 contracts and sub-bitumen coal swaps activity also more than doubled to 635 contracts.
* Volume of interest rate swaps cleared rose 11% year-on-year to S$45.7 billion, bringing the cumulative volume since the November 2010 launch to S$258.4 billion. Volume of new IRS transactions cleared doubled to S$11.3 billion from a year earlier.

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