Markets volatility pushes SGX derivatives volumes up

The recent market turmoil affecting Greece and the Euro has helped Singapore's Exchange see a rise in trade volumes fore

The recent market turmoil affecting Greece and the Euro has helped Singapore’s Exchange see a rise in trade volumes fore commodities; transactions were up 6%. 

Singapore Exchange (SGX) Asias second largest exchange said derivatives, commodities and clearing activity rose in November from a year earlier while securities trading fell.

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Securities

Turnover fell 37% year on year to $25.4 billion as global uncertainties lingered. Securities daily average value was $1.2 billion, down 40% from a year earlier.

ETF turnover fell 52% to $532 million but structured warrants trading rose 57% to $931 million.

Derivatives

Total volume increased 7% year on year to 5.8 million contracts; derivatives daily average volume was 281,038 contracts, up 6%.

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MSCI Taiwan Index Futures volume was 33% higher from a year earlier at 1.6 million contracts. MSCI Singapore futures volume was 26% up at 395,618 contracts. China A50 futures trading increased 81% year on year to 369,041 contracts.

Commodities and Clearing

Trading of agricultural commodity futures increased 54% year on year to 30,140 contracts primarily due to growing interest in the SICOM rubber contracts.

Volume of OTC commodity contracts cleared rose 67% from a year earlier to 19,800 contracts; iron ore swaps cleared totalled 12,851 contracts, almost five times the volume of a year earlier.

Clearing of OTC Interest Rate Swaps continued to grow with a notional $4.5 billion cleared in November, bringing the cumulative amount cleared since launch to $184.5 billion notional.

The SGX has been trying to maintain its position as the most advanced and dynamic exchange in Asia, with a strong regulatory environment and free trade rules as compared to China or Malaysia. Singapore is the ideal location for Asian firms to list and trade.

 

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