SGX derivatives and commodities trading grows

Singapore Exchange said derivatives and commodities trading grew in July from a year earlier while securities turnover was lower year-on-year.

SGX reported:

Securities

• Securities turnover fell 9% year-on-year to S$26.5 billion. Securities daily average value was 14% down at S$1.2 billion. Compared with June, daily average value was up 19%.
• Catalist turnover increased 31% year-on-year to S$614 million while ETF trading fell 58% to S$343 million.
• The securities borrowing and lending programme saw a 37% growth year-on-year in daily average outstanding loans to S$26.6 million.
• A total 36 bond listings raised $23.0 billion, up 74% from a year earlier.

Derivatives

• Derivatives volume was up 12% year-on-year at 5.8 million contracts while daily average volume grew 7% to 270,798 contracts.
• China A50 futures trading tripled to 700,071 contracts from a year earlier while Nikkei 225 futures volume grew 7% to 1.9 million contracts. MSCI Taiwan futures volume was up 4% at 1.4 million contracts but Nifty futures trading fell 8% to 1.1 million contracts.
• Volume of the new MSCI Indonesia futures totalled 15,698 contracts since its June start.
• End-July equity index futures open interest was 7% higher from a year earlier at 818,563 contracts.

Commodities

• SICOM rubber futures volume grew 12% year-on-year to 23,938 contracts.
• AsiaClear cleared 30,615 contracts, up 56% from a year earlier.
• Volume of OTC iron ore swaps cleared more than doubled from a year earlier to a record-high 20,961 contracts, representing 10.5 million tonnes of iron ore.

OTC Clearing

• OTC interest rate swaps cleared totalled a notional S$282 billion since the November 2010 launch with volume of new trades cleared in July at S$7 billion, down 17% year-on-year.