Singapores’ SGX Derivatives and Clearing Volumes Grow

Asia is leading the pact as the Singapore Exchange (SGX) recorded volume growth in derivatives and commodities trading and clearing in

Asia is leading the pact as the Singapore Exchange (SGX) recorded volume growth in derivatives and commodities trading and clearing in October but securities market activity declined. In the last 12 months Asia welcomed several new exchanges including the Singapore Mercantile Exchange, Hong Kong Mercantile Exchange and Australian Bullion Exchange.

Trading data:

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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 totaled 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.

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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 notional 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.

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