SGX Derivatives Break Records For Year-To-Date Volume And Nikkei, SiMSCI & MSCI Taiwan Contracts

Singapore Exchange (SGX) today announced that the total derivatives trading volume reached an all-time high for any January-September period, with 27,324,840 contracts traded. This is an increase of 7.2%, compared with 25,506,529 contracts traded over the same period last year.

The month of September also saw new records set by various products including the Nikkei 225 and SiMSCI futures contracts. In particular, MSCI Taiwan options broke its open interest record 6 consecutive times within the month (see table below) :-

Contract	Item	New Record (No. of contracts)	Date	Previous Record (No. of contracts)	Date
Nikkei 225 futures	Mthly Vol	896,192	Sep 03	750,429	Mar 99
Nikkei 225 futures	Average Daily Vol	44,810	Sep 03	36,740	Feb 95
Nikkei 225 futures	Open Int	246,252	11/9/03	225,802	12/3/98
SiMSCI futures	Mthly Vol	97,981	Sep 03	94,097	Mar 03
MSCI Taiwan options	Mthly Vol	7,450	Sep 03	6,517	May 01
MSCI Taiwan options	Average Daily Vol	355	Sep 03	296	May 01
MSCI Taiwan options	Open Int	8,216	25/9/03	8,166	24/9/03

Robust trading volume growth, year-on-year, was also seen in several contracts such as the Nikkei 225 futures & options, SiMSCI futures and Mini Japanese Government Bond futures & options (see table below) :-

Trading Volume (No. of Contracts)
Contract Jan - Sep 03 Jan - Sep 02 Growth

Nikkei 225 Stock Index futures 5,235,385 3,688,494 41.9%
Nikkei 225 Stock Index options 188,870 150,558 25.5%
SiMSCI futures 755,000 503,888 49.8%
Mini Jap Govt Bond futures 613,424 488,286 25.6%
Mini Jap Govt Bond options 1,242 247 402.8%