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FTSE Mondo Visione Exchanges Index:

Singapore Exchange Limited Achieves All-Time Derivatives Trading Volume Record In 2001

Date 02/01/2002

Singapore Exchange Limited (SGX) today announced that its derivatives trading volume for the year of 2001 was an all-time record of 30,989,862 contracts, surpassing the previous record annual volume of 27,861,162 contracts set in 1998.

This represents a significant growth of 12.5% over the previous year where 27,571,963 contracts were traded.

The strong growth is contributed by several contracts and initiatives of the Exchange. Eurodollar, in particular, benefited from the volatile US interest rates, while the Exchange's initiatives that helped in generating the increased trading volume included the Negotiated Large Trades Facility, the Market Makers' arrangements in MSCI Taiwan Options and the Singapore Dollar Interest Rate, as well as the very successful Singapore Govt Bond Futures, and the increasing acceptance of the MSCI Singapore Index Futures, for trading and risk management purposes.

Contract
Annual Volume Record in 2001
Previous Record
Year
% increase
Eurodollar Futures
17,684,054
10,063,633
2000
75.72
MSCI Taiwan Index Futures
3,902,738
3,390,153
2000
15.12
MSCI S'pore Stock Index Futures
488,489
479,486
2000
1.88
Euroyen Libor Futures
452,559
374,198
1999
20.94
Singapore Dollar Interest Rate
Futures
111,210
61,300
2000
81.42
MSCI Taiwan Index Options
42,899
20,521
1998
109.05


Several other contracts have also broken daily records in trading volume in 2001, as listed in the table below.

Futures Contract
New RecordDate
Previous Record
Date
Eurodollar
403,422
12 Sep 01
194,862
18 May 94
Nikkei 225
116,762
13 Sep 01
99,643
7 Mar 01
MSCI Taiwan Index
58,322
27 Nov 01
55,996
29 Aug 01
MSCI S'pore Index
9,507
27 Nov 01
7,701
26 Jun 01
S'pore Dollar Int Rate
2,315
12 Jul 01
1,518
21 Aug 00
5-Year S'pore Govt Bond
2,178
30 Jul 01
1,591
26 Jul 01