SGX Derivatives Volume Grows 39% In October - MSCI Taiwan & Singapore Futures Break Records

Singapore Exchange Ltd (SGX) today announced that its derivatives trading volume for the month of October 2002 grew 39.1% to 3,317,764 contracts, compared to 2,385,536 contracts in October 2001. Total volume from January to October 2002 grew 13.0% to 28,824,293 contracts, from 25,500,075 contracts during the same period last year.

Strong growth in trading volume, year-on-year, was also recorded in the following contracts:-

Contract	Jan – Oct 02 (no. of contracts	Jan – Oct 01 (no. of contracts)	Growth
Eurodollar futures	17,578,823	14,473,286	21.5%
Mini Jap Govt Bond futures	517,849	416,114	24.5%
MSCI Singapore Stock Index futures	588,022	400,856	46.7%
MSCI Taiwan Stock Index futures	3,856,526	3,147,287	22.5%
MSCI Taiwan Stock Index options	43,174	36,064	19.7%

Individual contracts also broke several records in October. The SGX MSCI Taiwan Stock Index (TiMSCI) and MSCI Singapore Stock Index (SiMSCI) futures contracts set new records in monthly trading volume:-

Futures	Item	New Record	When	Previous Record	When
TiMSCI	Monthly Vol	460,196 contracts	Oct 02	434,204	Jul 02
TiMSCI	Average Daily Vol	20,918 contracts	Oct 02	19,913	Feb 02
SiMSCI	Monthly Vol	84,134 contracts	Oct 02	68,574	Jul 02
SiMSCI	Average Daily Vol	3,658 contracts	Oct 02	3,147	Feb 02

In addition, open interest records were broken by the Eurodollar and SiMSCI futures contracts. Eurodollar futures open interest reached a new high of 206,566 contracts on 28 October, compared with the previous record of 191,763 contracts on 12 September 2001. SiMSCI futures broke its open interest records 13 times in October, with the latest being 25,062 contracts on 29 October.