SGX securities rocket 8% to S$27.3b

Derivatives and commodities also ballooned.

According to a release by the SGX, securities and derivatives trading grew in November from a year earlier.

Securities:

The securities market turnover and daily average value (SDAV) both grew 8% year-on-year to S$27.3 billion and S$1.3 billion respectively.

Compared with October, turnover was up 5% and SDAV was up 10%. However, exchange traded funds turnover was down 39% year-on-year to S$327 million.

Value of bond listings was up 91%. A total of 35 listings raised S$15.3 billion compared with 16 listings raising S$8 billion a year earlier. Hutchison Whampoa International was the biggest issuer with an issue of US$1 billion 2% Guaranteed Notes due 2017 and another of US$500 million 3.25% Guaranteed Notes due 2022.

Financial Derivatives:

Volume increased 23% year-on-year to 7.19 million contracts and daily average volume increased 22% to 342,506 contracts.

Equity index options volume more than tripled year-on-year to 630,292 contracts, driven by growth in the Nikkei 225 Index Options.

Equity index futures volume was up 17% year-on-year to 6.47 million contracts, led by China A50 futures volume which more than tripled to 1.2 million contracts.

The Nikkei 225 futures and Nifty futures volume were both up 8% and 7% to more than 2.1 million contracts and 1.2 million contracts respectively.

OTC interest rate swaps cleared totalled S$314 billion notional since its November 2010 launch. Volume of new trades cleared in November was S$2.7 billion, a decrease of 37% year-on-year, reflecting dampened market trading and corporate activities ahead of the holiday season.

The first Singapore Dollar interest rate swaps trade compression eliminated S$25 billion in outstanding notional value, whilst keeping the market exposure of the Clearing
Members almost unchanged.

Commodities:

AsiaClear volume increased 47% to 28,264 contracts; iron ore swaps clearing volume increased 65% to 20,877 contracts while volume of energy swaps cleared more than doubled to 1,048 contracts.

SICOM rubber futures trading was down by half to 15,041 contracts, reflecting a year-end slowdown in the physical market.

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