Published On: Wed, Nov 5th, 2014

SGX Sees Growth In Securities And Derivatives For October

Magnus Bocker CEO of SGX -

Magnus Bocker CEO of SGX –

Singapore Exchange (SGX) saw positive growth in securities and derivatives for October.

Securities

  • SGX securities average daily value was up 8% month-on-month, but lower 7% year-on-year. Total traded value in October increased 4% month-on-month to S$21.7 billion, as compared to September, despite fewer trading days in the month (21 days) versus September (22 days).
  • October saw 3 new listings on Mainboard and Catalist which raised about S$ 85 million. In addition, a total of 56 bond listings raised more than S$20 billion in October, compared with 48 listings raising $16.5 billion a year earlier. Outstanding bonds listed on SGX increased almost 3% to 1,854 for month-on-month and up 19% year-on-year.

Derivatives

  • Total derivatives volume in October was 10.7 million contracts, up 1% month-on-month and 25% year-on-year. Its average daily trading volume increased 7% month-on-month and 32% year-on-year.
  • The total volume of equity index futures remained flat at 9.7 million contracts as the month before and up 30% year-on-year. SGX Nikkei 225 Index Futures traded almost 3 million contracts, up 17% month-on-month and 25% year-on-year. Several of the key SGX Asian index futures also experienced positive growth.
  • SGX foreign exchange futures traded more than 93,000 contracts in October, a dip of 7% month-on-month. The recently launched SGX Chinese Renminbi futures (RMB) futures, namely USD/CNH and CNY/USD futures, garnered strong industry support and traded a total of 7,709 contracts in its 1st month.
  • Volume of OTC SGD Interest Rate Swaps cleared was S$4 billion, lower by 7% from the S$4.3 billion seen in previous month, as well as in similar period last year.

Commodities

  • Total Asiaclear volume was 348,027 contracts, 3% up month-on-month and more than five times over the volume a year earlier.
  • SGX Rubber futures contract, which is the world’s benchmark for physical rubber pricing, saw another record month with a total of 74,110 contracts traded. This was a 59% increase month-on-month and almost tripled the volume the year before. The volume surge was driven by increased hedging activities from physical participants and arbitrage undertakings by financial participants during the high volatility period.
  • Iron ore derivatives (cleared swaps, futures and options) also achieved another record month with a total of 332,863 contracts traded, 3% up month-on-month and almost five times the volume the year before.

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