Singapore Exchange (SGX) said that the volume of its Derivatives business and OTC clearing continued to see growth in May.
Securities
- Securities daily average value (SDAV) fell 20% year-on-year and 0.5% month-on-month. However, the total number of securities trades went up to 3.9 billion in May, a 34% annual increase and 8.5% monthly increase.
- Catalist turnover volume was up 199% year-on-year at S$6.3 billion, but down 60% month-on-month.
- Daily average outstanding loans under the Securities Borrowing and Lending (SBL) programme totalled S$ 26.1 million, up 31% from a year earlier. The total volume transferred for SBL increased 113% in May from April.
Derivatives
- Derivatives volume rose almost 40% year-on-year to 6.9 million contracts, and daily average volume (DAV) grew 31% to 320,715 contracts. Month-on-month, overall derivatives trading volume increased more than 10%.
- China A50 futures volumes once again set a new high of 767,739 contracts, which was 4 times more than the previous year, and up 30% from April.
- Nikkei 225 futures grew a positive 45% to about 2.5 million contracts year-on-year. MSCI Singapore Index Futures also rose 15% year-on-year to 368,378 contracts, with a 23% increase from April. Similarly, India’s Nifty futures attracted a strong 16% increase to 1.4 million contracts from a year earlier and was up 20% from April.
- The total number of structured warrants trades saw 40% more from a year earlier at 118,616.
Commodities and Clearing
- Volume of commodity contracts cleared increased 119% year-on-year to 24,645 contracts and was up 76% in May. OTC energy swaps surged up 687% year-on-year to a high of 2,102 contracts, and iron ore swaps volume more than doubled to 15,487 contracts from a year earlier.
- Volume* of new OTC interest rate swaps (IRS) cleared was SGD 4.4 billion, up 47% year-on-year as compared to S$3.3 billion in May 2011. The total volume of OTC IRS cleared since the November 2010 launch amounts to S$ 264.6 billion.
* Volumes for May 2012 and May 2011 included backloaded transactions.
