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Singapore Exchange (SGX) today said derivatives trading and clearing activities grew in November from a year earlier while securities trading declined. The derivatives market also had a record-high open interest.
Securities
- Value of securities traded was $19.5 billion, down 30% from $27.8 billion last year; daily average value of securities traded declined to $927 million from $1.3 billion.
- A total of 57 bonds raising $11.3 billion were listed. The biggest debt listed was Singapore Housing Development Board’s $1.5 billion fixed rate notes due 2017.
- There were 3 new IPOs in November raising $2.7 billion.
Derivatives
- Derivatives volume rose 23% year-on-year to 8.9 million contracts.
- Open interest at end-November rose 54% from a year earlier to a record 4.0 million contracts.
- China A50 futures volume rose 92% to 2.3 million contracts, MSCI Taiwan futures trading declined 6% to 1.5 million contracts while Nikkei 225 futures trading increased 14% to 2.4 million contracts. The MSCI Indonesia futures volume more than doubled to 30,708 contracts.
- SGX introduced Asian foreign exchange futures for Asian currencies from 11 November, trading a total of 5,552 contracts for the month.
OTC Clearing
- A total S$4.1 billion notional of new OTC financial derivatives transactions were cleared, up 52% year-on-year.
- Volume of OTC commodities cleared increased 35% year-on-year to 38,033 contracts.Volume of iron ore swaps cleared increased 75% from a year earlier to 36,611 contracts.
- SICOM rubber futures volume increased 58% from a year earlier to 23,732 contracts.
