SGX derivatives, clearing volumes grew in October

But securities market activity dipped.

In a release, SGX revealed that securities turnover fell 6% year-on-year to S$26.0 billion while daily average value (SDAV) was 14% lower at S$1.2 billion. Compared with September, turnover fell 8% while SDAV was 16% lower. Catalist turnover also grew 90% year-on-year to S$626 million. Meanwhile, turnover of foreign currency-based Mainboard shares grew 13% year-on-year to S$1.4 billion. Bond listings totalled 39 raising S$19 billion compared with nine raising S$2.5 billion a year earlier; the biggest new bond listed in October was Nippon Life Insurance Company’s US$2 billion 30-year note.

On the financial derivatives side, volume grew 20% year-on-year to 7.0 million contracts and daily average volume was 10% up at 333,464 contracts. The newer derivatives contracts continued to gain traction. China A50 futures volume more than tripled to 1.1 million contracts and Nikkei 225 options volume was up 91% at 556,104 contracts. Nikkei 225 futures trading fell 3% to 2.1 million contracts while MSCI Taiwan futures volume grew 6% to 1.4 million contracts and Nifty futures activity rose 12% to 1.4 million contracts. Meanwhile, open interest for equity index futures was up 33% as at end-October from a year earlier at almost 1 million contracts. OTC interest rate swaps cleared totalled S$307 billion since the November 2010 launch. Volume of new trades cleared in October was S$8.9 billion, up 15% year-on-year.

Lastly, for commodities, SICOM rubber futures volume grew 23% to 26,956 contracts. AsiaClear volume was 68% up at 42,729 contracts; iron ore swaps clearing volume more than doubled to 32,249 contracts while volume of energy swaps cleared quadrupled to 1,695 contracts.

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