Singapore Exchange Derivatives Market Sets Several Records In June And First Half Of 2003

Singapore Exchange (SGX) today announced that its derivatives market traded an all time high volume of 3,733,596 contracts in the month of June 2003, an increase from the last record volume of 3,611,883 contracts in July 2002.

Total trading volume for derivatives also reached its highest for any January-June period, with 17,645,280 contracts traded this year, a 13% increase as compared to 15,618,223 contracts traded in the similar period last year.

The Mini 10-year Japanese Government Bond (JGB) Futures contract broke its record monthly volume and open interest in June 2003. It traded a record volume of 118,867 contracts, surpassing its previous record of 116,395 contracts traded in June 2000. Its open interest hit a record of 57,275 contracts on 9 June 2003. Its previous open interest record was 55,443 contracts set on 7 March 2003.

The month of June saw several other daily records broken by various derivatives contracts:-

Futures Contract	Item	New Record (No. of contracts)	Date	Previous Record (No. of contracts)	Date
Nikkei 225	Volume	144,289	11 Jun 03	128,910	12 Mar 03
MSCI Taiwan Index	Open Interest	90,233	26 Jun 03	79,515	28 May 03
MSCI S'pore Stock Index	Volume	26,859	25 Jun 03	19,573	27 Aug 02
MSCI S'pore Stock Index	Open Interest	30,347	25 Jun 03	30,017	21 Mar 03

Strong growth was also recorded in several derivatives contracts:-

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Futures Contract	Jan – Jun 03 (No. of contracts)	Jan – Jun 02 (No. of contracts)	Growth
MSCI S'pore Stock Index	483,251	319,162	51%
Nikkei 225	3,229,526	2,318,261	39%
Mini JGB	445,610	329,388	35%
MSCI Taiwan Index	2,570,870	2,214,432	16%
Eurodollar	10,097,520	8,927,325	13%