SGX Derivatives Contracts Break Records

Singapore Exchange (SGX) today announced that its derivatives market achieved four new records on 26 July 2001. The MSCI Taiwan futures contracts had a new daily trading volume record, the 5-year Singapore Government Bond Futures contract achieved a daily trading volume and open interest record, while the 3-month Singapore Dollar Interest Rate futures achieved a new open interest record. These are as shown below.

• MSCI Taiwan Index, Daily Vol, New Record (No. of contracts): 47,828, 26 Jul 2001, Previous Record (No. of contracts: 46,872, 27 Jun 2001
• 5-Yr S'pore Govt Bond, Daily Vol, New Record (No. of contracts): 1,591, 26 Jul 2001, 989, Previous Record (No. of contracts): 29 Jun 2001
• 5-Yr S'pore Govt Bond, Open Int, New Record (No. of contracts): 3,121, 26 Jul 2001, Previous Record (No. of contracts): 2,610, 24 Jul 2001
• S'pore Dlr Interest Rate, Open Int, New Record (No. of contracts): 6,121, 26 Jul 2001, Previous Record (No. of contracts): 6,074, 10 Nov 2000

The 5-year Singapore Government Bond futures contract has enjoyed a steady growth since it was launched on 29 June, with 14 market makers providing 2-way quotes.

These market makers are:

1. Barclays Bank
2. BNP Paribas
3. Citibank
4. Crédit Agricole Indosuez
5. Credit Suisse First Boston
6. Deutsche Bank AG
7. Development Bank of Singapore
8. Hongkong and Shanghai Banking Corporation
9. JP Morgan Chase
10. Keppel TatLee Bank
11. Oversea-Chinese Banking Corporation
12. Overseas Union Bank
13. UBS AG
14. United Overseas Bank