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Singapore Exchange (SGX) recorded increases in its commodities trading and clearing activities in February 2014. Securities and derivatives activities declined.
SECURITIES
- Securities trading declined 35% to $20.9 billion. Daily average value of trading fell 41% to $1.0 billion. The fall in the daily average traded value was steeper compared with the decline in total traded value due to more trading days in February 2014 versus a year earlier.
- On a month-on-month basis, February 2014 securities trading was 7% down while daily average value was 2% lower. February 2014 had one less trading day compared with January 2014.
- Bond listings totalled 33 in February 2014, raising $8.9 billion. The biggest bond issues were the EUR1.5 billion convertible perpertual bond from Banco Bilbao Vizcaya Argentaria SA and the US$500 million notes from Indian Railway Finance Corporation and Korea Gas Corporation.
FINANCIAL DERIVATIVES
- Derivatives volume fell 7% year-on-year to 8.1 million contracts though open interest rose 6% to 3.3 million contracts at the end of February 2014 from a year earlier. Daily average volume of 450,251 was 13% lower. February 2014 had more trading days compared with a year earlier.
- Total volume was 8% down from January 2014 but daily average volume was 2% up.
- China A50 futures trading increased 10% to 1.9 million contracts and Nikkei 225 futures volume fell 28% to 2.4 million contracts.
- The MSCI Taiwan futures volume rose 19% to 1.3 million while the Indian Nifty futures trading slid 4% to 1.2 million contracts.
- Volume of new OTC financial derivatives transactions cleared was $5.3 billion, down 15%.
COMMODITIES
- SICOM rubber futures volume increased 23% to 29,891 contracts, while volume of the newly-launched iron ore futures continued to grow, totalling 47,570 contracts. This was up 9% from January 2014.
- Volume of iron ore swaps cleared grew 19% to 38,390 contracts while volume of cleared iron ore options more than doubled to 6,804 contracts.
