SGX Derivatives Trade Enjoys Strong Trading Volume For August - Several Other Records Set In August

Singapore Exchange (SGX) announced today that total derivatives volume traded from January to August this year, has grown 4.63% to 19,457,816 contracts from 18,339,639 contracts for the same duration last year. The total volume traded for derivatives contracts in August 2001 saw an increase of 8%, to 2,476,105 contracts, from 2,292,919 contracts traded in the same month last year.

Strong growth was especially recorded in several contracts, such as the Eurodollar, MSCI Taiwan Index, Euroyen Libor, Singapore Dollar Interest Rate futures and the Nikkei 300 (as shown in the table below).

• Eurodollar, January - August 2001: 10,842,289, January - August 2000: 6,950,364, % Growth: 56
• MSCI Taiwan Index, January - August 2001: 2,507,622, January - August 2000: 2,076,031, % Growth: 20.79
• Euroyen LIBOR, January - August 2001: 363,174, January - August 2000: 171,615, % Growth: 111.62
• S'pore Dlr Int Rate, January - August 2001: 85,603, January - August 2000: 17,404, % Growth: 391.86
• Nikkei 300, January - August 2001: 26,592, January - August 2000: 17,773, % Growth: 49.62

The month of August also saw several records broken by various instruments.

• 5-Yr S'pore Govt Bond , New Record Open Interest: 5,121, 17 Aug 01, Previous Record: 4,305, 16 Aug 01
• S'pore Dlr Int Rate , New Record Open Interest:7,958, 23 Aug 01, Previous Record: 7,709, 22 Aug 01
• MSCI Taiwan, New Record Volume: 55,996, 29 Aug 01, Previous Record: 47,828, 26 July 01

Notably, the Singapore Dollar Interest Rate futures contract had consecutive record breaking days for open interest from 17 - 23 August while the Singapore Government Bond futures contract broke its open interest record, 4 times in 5 days between 13 - 17 August 2001.