Singapore Exchange (SGX) recorded volume growth in derivatives and commodities trading and clearing in October but securities market activity declined.
Securities
- Turnover fell 6% year-on-year to S$26.0 billion while daily average value (SDAV) was 14% lower at S$1.2 billion.
- Compared with September, turnover fell 8% while SDAV was 16% lower.
- Catalist turnover grew 90% year-on-year to S$626 million.
- Turnover of foreign currency-based Mainboard shares grew 13% year-on-year to S$1.4 billion.
- Bond listings totalled 39 raising S$19 billion compared with nine raising S$2.5 billion a year earlier; the biggest new bond listed in October was Nippon Life Insurance Company’s US$2 billion 30-year note.
Financial Derivatives
- Volume grew 20% year-on-year to 7.0 million contracts and daily average volume was 10% up at 333,464 contracts.
- The newer derivatives contracts continued to gain traction. China A50 futures volume more than tripled to 1.1 million contracts and Nikkei 225 options volume was up 91% at 556,104 contracts.
- Nikkei 225 futures trading fell 3% to 2.1 million contracts while MSCI Taiwan futures volume grew 6% to 1.4 million contracts and Nifty futures activity rose 12% to 1.4 million contracts.
- Open interest for equity index futures was up 33% as at end-October from a year earlier at almost 1 million contracts.
- OTC interest rate swaps cleared totalled S$307 billion since the November 2010 launch. Volume of new trades cleared in October was S$8.9 billion, up 15% year-on-year.
Commodities
- SICOM rubber futures volume grew 23% to 26,956 contracts.
- AsiaClear volume was 68% up at 42,729 contracts; iron ore swaps clearing volume more than doubled to 32,249 contracts while volume of energy swaps cleared quadrupled to 1,695 contracts.
