Published On: Mon, Oct 6th, 2014

SGX Saw Strong Growth In Derivatives And Commodities For September

Magnus Bocker CEO of SGX -

Magnus Bocker CEO of SGX –

Singapore Exchange (SGX) reported strong volume growth in derivatives and commodities for September.

Securities

  • Total securities traded value in September increased by about 1% to over S$21 billion, as compared to August. SGX securities average daily value dipped by 4% month-on-month and was 34% lower year-on-year.
  • September saw a total of 50 new listings. Of which, two IPOs, YuuZoo Corporation on Mainboard and Versalink Holdings on Catalist, raised about S$ 36 million in total. In addition, there were 48 bond listings that raised over S$23 billion in September, compared with 43 listings raising $22 billion a year earlier. Outstanding bonds listed on SGX increased by 2% to 1,812, up 19% year on year.

Derivatives

  • Total derivatives volume in September was 10.6 million contracts, up 13% month-on-month and 18% year-on-year. The total volume of equity index futures was 9.7 million contracts, more than 12% increase month-on-month and 24% year-on-year.
  • SGX FTSE China A50 Futures achieved two new record volumes in September. Firstly, monthly volume hit 3.9 million contracts, up 5% month-on-month and 132% year-on-year. Secondly, it saw an average daily volume of 186,001, making up about US$1.3 billion in notional terms. SGX Nikkei 225 Index Futures traded more than 2.5 million contracts, 46% up month-on-month and down by 8% year-on-year. Strong growth volume also continued in MSCI Indonesian Index Futures and SGX CNX Nifty Index Futures.
  • SGX foreign exchange futures saw record volumes for the 3rd consecutive month, with over 100,000 contracts traded in September as rising FX market volatility increased hedging demand by investors. The SGX India Rupee currency (INR/USD) contract led the way with a 50% month-on-month increase to exceed US$130 million in daily notional trading turnover.
  • The traded volume of SGX Mini Japanese Government Bonds Futures grew three times month-on-month to a total of 116,915 contracts. This was a 24% increase year-on-year.
  • Volume of OTC SGD Interest Rate Swaps cleared was S$4.3 billion, up 3% from previous month and 40% lower year-on-year. OTC Non-Deliverable Interest Rate Swaps in Malaysian Ringgit (MYR) and in Thai Baht (THB) clearing volume of USD$ 0.5 billion equivalent was 114% higher month-on-month.

Commodities

  • Total Asiaclear volume was 337,079 contracts, up 78% month-on-month and more than 6 times the volume a year earlier.
  • SGX Rubber futures contract, which is the world’s benchmark for physical rubber pricing, hit record volume with a total of 46,697 contracts traded, a 52% increase month-on-month and 19% up year-on-year.
  • Iron ore derivatives (cleared swaps, futures and options) hit new record monthly volumes with 323,863 contracts traded, a 82% increase month-on-month and approximately seven times higher year-on-year. Volume growth was driven by a strong rise in the use of options in the face of significant price volatility.

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