SGX Derivatives Up 8½% In 1st Quarter - Taiwan Index Futures Break Monthly Record

Singapore Exchange Derivatives Trading Limited (SGX-DT) is pleased to announce that its trading volume has grown by a robust 8.5% in the 1st quarter. A total of 6,994,621 futures and options on futures contracts were traded from January to March 2000, compared to 6,447,336 contracts during the same period last year.

This strong growth was supported by SGX-DT's major interest rate and stock index futures. Eurodollar futures traded 2,499,358 in January to March 2000 as opposed to January to March 1999 when it trade 2,147,099; an increase of 16.4%; Euroyen futures 1,928,283 in January to March 2000 as opposed to January to March 1999 when it trade 1,692,480 an increase of 13.9%; MSCI Taiwan Stock Index futures 767,769 in January to March 2000 as opposed to January to March 1999 when it trade 552,255 an increase of 39.0%; MSCI Singapore Stock Index futures 136,854 in January to March 2000 as opposed to January to March 1999 when it trade 42,958 an increase of 218.6%.

Besides achieving almost 40% growth in the 1st quarter, MSCI Taiwan Stock Index futures also set an all-time-high monthly volume of 314,699 contracts in March 2000. This new milestone is almost 30% more than the previous record of 243,041 contracts, established as recently as January 2000.

The MSCI Singapore Stock Index futures also exhibited robust growth in the 1st quarter, chalking up a trading volume of 136,854 contracts, more than 3 times compared to the same period in 1999.