Published On: Wed, Apr 6th, 2011

SGX Derivatives Volume At All-Time High in March

Singapore Exchange (SGX) said April 4 its derivatives daily average volume reached an all-time high in March while securities and clearing activities grew from a year earlier.

KEY HIGHLIGHTS
Securities Market
* Turnover rose 22% year on year to $37.2 billion with a securities daily average volume of $1.6 billion.
* ETF trading more than doubled to $1.08 billion from a year earlier.

Derivatives Market
* Volume was 8.5 million contracts, up 79% from the previous year. Daily average volume was a record-high 381,451 contracts, 19% higher than the previous peak of 320,022 in October 2008.
* Nikkei 225 Index futures volume more than doubled year on year to 4.9 million contracts while S&P CNX Nifty futures volume increased 68% to 1.2 million contracts. FTSE A50 futures continued to be active with 203,586 contracts traded and open interest of 37,353.

Commodities Market
* LME-SGX metal futures trading increased and total volume in March was 38,922 contracts.

Clearing Business
* Clearing of Iron Ore Swaps rose 54% to 4,257 contracts from a year earlier.
* Clearing of OTC financial derivatives continued to gain momentum with a notional US$12.7 billion of interest rate swaps cleared in March.

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