Published On: Wed, Sep 5th, 2012

SGX Securities Turnover Grows in August from July

Singapore Exchange (SGX) said September 5 securities trading grew in August from a month earlier though it was down year-on-year. Derivatives volume also grew month-on-month though it fell from a year earlier. Overall, Singapore’s securities and derivatives trading volumes were more resilient than those of other global markets.

Securities
* Turnover fell 29% from a year earlier to S$29.4 billion but was up 11% from a month earlier.
* Daily average value was also down 29% year-on-year at S$1.4 billion but up 16% month-on-month.
* Catalist turnover more than doubled to S$401 million from a year earlier; ETF trading fell 55% year-on-year to S$533 million.
* Bond listings totaled S$11.6 billion, up 53% from a year earlier. The biggest new listing was State Bank of India’s US$1.25 billion five-year note.

Derivatives
* Volume fell 20% to 6.5 million contracts from a year earlier but was up 12% month-on-month.
* Daily average volume fell 19% year-on-year to 292,558 contracts but was up 8% from July.
* China A50 futures volume more than doubled to 730,699 contracts from a year earlier.
* Nikkei 225 options volume more than doubled to a record-high 542,144 contracts.
* Nikkei 225 futures volume fell 40% year-on-year to 2.1 million contracts but was up 12% from July.

Commodities
* SICOM rubber futures volume rose 9% from a year earlier to 20,052 contracts.
* AsiaClear volume rose 76% from a year earlier to 38,483 contracts.
* OTC iron ore swaps volume hit a second straight record high, more than tripling from a year earlier to 29,763 contracts, equivalent to almost 15 million metric tonnes. Volume was 42% up from July.

Financial Derivatives Clearing
* Volume of new interest rate swap transactions cleared rose 80% to S$7.9 billion notional from a year earlier.
* Since the November 2010 launch of IRS clearing, cumulative volume of swaps cleared has exceeded S$290 billion notional.

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