SGX exchange traded funds turnover plunged 57%

Total value traded rose only 9%.

According to a release, securities daily average value (SDAV) was 20% higher year-on-year at $1.6 billion and 11% lower month-on-month.

Total value traded was up 9% year-on-year and flat month-on-month at $31.5 billion. Exchange traded funds turnover declined 57% year-on-year and 19% month-on-month to $267 million.

Value of bond listings declined 40% year-on-year and grew 12% month-on-month to $15 billion. The two largest bond listings in March were the US$1 billion 1.85% and US$500 million 3.5% notes issued by Mizuho Corporate Bank.

Derivatives daily average volume (DDAV) grew 34% year-on-year and declined 8% month-on-month to 473,028 contracts.

Volume in March 2013 was up 27% year-on-year and 10% month-on-month to 9.56 million contracts. Open interest reached a new record high of 3.17 million contracts on 7 March.

Equity index futures volume grew 23% year-on-year and 11% month-on-month to 8.6 million contracts. Equity index options volume doubled year-on-year to 793,354 contracts, driven by growth in the Nikkei 225 Index Options. On a month-on-month basis, it was down 3%.

Open interest on equity index options more than doubled year-on-year to 1.76 million contracts at the end of March. This was 5% higher month-on-month. Open interest on equity index futures increased 16% year-on-year and decreased 18% month-on-month to 1.03 million contracts at the end of March.

Volume of commodity swaps cleared grew 82% year-on-year and 19% month-on-month to 43,055 contracts. Volume of iron ore swaps cleared tripled year-on-year to 37,005 contracts. This was 15% higher month-on-month.

SICOM rubber futures trading grew 35% year-on-year and was flat month-on-month at 24,634 contracts.

Volume of new interest rate swaps cleared in March was S$3.9 billion, 37% lower year-on-year and month-on-month.  

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