The total trading volume for the period from January to August this year reached 18,887,101 contracts, up 5.45 % from the 17,911,090 contracts traded during the same period last year.
Contributing to this growth was the strong performance of the following products: MSCI S'pore Stock Index Futures 321,432 in January to August 2000, 171,626 in January to August 1999, +87.29 percentage change; MSCI Taiwan Stock Index Futures 2,076,031 in January to August 2000, 1,628,442 in January to August 1999, +27.49 percentage change; Eurodollar Futures 6,950,364 in January to August 2000, 6,189,661 in January to August 1999, +12.29 percentage change; Euroyen Futures 5,271,571 in January to August 2000, 4,766,280 +10.6 percentage change.
The Singapore Dollar Interest Rate futures contract volume reached an all-time high of 1,518 contracts on 21 August 2000 while its open interest reached a record 3,270 contracts on 31 August 2000. On the back of support from market-maker banks, the Singapore Dollar Interest Rate futures also achieved a record of 6,967 contracts for the month of August 2000 since the launch of the contract on 10 September 1999.
SGX-DT had announced that from 21 August 2000, 15 local and foreign banks are committed to be official market makers for the Singapore Dollar Interest Rate Futures contract. These market makers will provide 2-way quotes on the 3-month SGD Interest Rate Futures contract listed on the exchange's trading floor. Collectively, they will also trade the SGD Interest Rate Futures contract and use it to hedge their inter-bank and over-the-counter positions.
