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Singapore Exchange Derivatives Trading Enjoys Strong Growth In Jan 2001 Taiwan Index Futures Breaks Monthly Records

Date 02/02/2001

Singapore Exchange Derivatives Trading (SGX-DT) is pleased to announce strong trading volumes for the month of January as compared to the same month last year. Total volume of contracts traded in January 2001 increased by 5.6% to 2,465,832 over 2,334,573 traded in January 2000.

Strong growth was also reflected in our major contracts (as can be seen in the table below) in particular Euroyen LIBOR Interest Rate Futures and Singapore Dollar Interest Rate Futures. Euroyen LIBOR Interest Rate Futures traded 52,719 contracts in January 2001, up 432.78% as compared to 9,895 contracts traded in January last year. Singapore Dollar Interest Rate Futures traded 8,523 contracts in January 2001, up 217.43% as compared to 2,685 contracts traded in January last year. This strong performance is due to the support of the consortium of 15 banks as market makers which started since 21 August 2000.

The MSCI Taiwan Stock Index Futures established an all time high daily volume of 40,656 on 16 January, open interest of 49,336 on 18 January 2001 and the average daily volume at 19,741 for January 2001. These records surpassed those previously set on 26 September 2000 for volume at 32,525 and on 23 February 2000 for open interest at 37,080. The previous record set for the average daily volume was on February 2000 at 13,127.

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