SGX securities turnover dips 8% to $27.3b

Securities daily average value also dropped.

According to a release, Singapore Exchange (SGX) said its derivatives volumes in August increased from a year earlier.

Total securities turnover was S$27.3 billion, down 8% year on year. However securities daily average value (SDAV) was down 4% to S$1.4 billion due to one less trading day in August 2013 compared to a year earlier.

Catalist turnover increased nearly 5 times year-on-year to S$1.4 billion.

Funds raised from bond listings decreased 52% year-on-year to S$5.5 billion. The biggest bond listed was a US$1 billion bond issue by Baidu.

Total futures and options volume increased 32% year-on-year to 8.6 million contracts.

Year-on-year, China A50 Index Futures volume more than doubled to 1.8 million contracts and MSCI Taiwan Index Futures trading was up 13% to 1.6 million contracts. Nifty Index Futures volume was up 34% to 1.6 million contracts and reached a record daily average volume of 80,119 contracts. Nikkei 225 Index Futures volume was up 6% from a year earlier to 2.2 million contracts. MSCI Indonesia Index Futures volume increased nearly 9 times to a record 46,707 contracts and achieved a record daily average volume of 2,747 contracts.

Month-end open interest was up 45% year-on-year to 3.5 million contracts.

SICOM rubber futures volume was 29,261 contracts, up 46% from a year earlier.

A total S$6.5 billion notional of new OTC financial derivatives transactions were cleared, down 19% from a year earlier.

Volume of OTC commodities cleared increased 29% year-on-year to 49,667 contracts.

Volume of iron ore swaps cleared increased 53% year-on-year to 45,610 contracts.

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