SGX trading and clearing activities grew in September

Securities and derivatives increased their daily average value and volume, respectively.

For securities, the daily average value grew 4% year-on-year to S$1.4 billion while total value traded was 6% lower at S$28.2 billion due to fewer trading days. Exchange traded funds turnover was halved to S$573 million from a year earlier. Meanwhile, value of bond listings quadrupled to S$17.9 billion with Bangkok Bank as the biggest issuer, raising a total US$1.2 billion.

In derivatives, daily average volume grew 4% from a year earlier to 364,473 contracts; total volume was 2% lower at 7.1 million contracts. Equity index options volume more than doubled to 545,354 contracts, led by a doubling in the volume of Nikkei 225 index options to 498,185 contracts. China A50 futures volume tripled to 839,215 contracts but Nikkei 225 futures trading was 15% less at 2.5 million contracts. MSCI Taiwan futures volume was 19% down at 1.4 million contracts while Nifty futures trading was 10% less at 1.3 million contracts.

Commodities saw SICOM rubber futures trading slide 6% to 23,064 contracts. OTC commodities clearing volume more than doubled to 46,062 contracts. Iron ore swaps clearing reached a new monthly record high of 35,414 contracts.

In OTC financials clearing, meanwhile, a total S$7.4 billion notional of new OTC Interest Rate Swap transactions were cleared, up 68% from a year earlier. Since the November 2010 launch, SGX has cleared over S$298 billion notional of OTC IRS.