SGX derivatives volume at all-time high in March

Turnover rose 22% year on year to $37.2 bln with a securities daily average volume of $1.6 bln.


ETF trading more than doubled to $1.08 bln from a year earlier.


In a statement, SGX reported its volume was up 79% from the previous year, rising to 8.5 million contracts.


Daily average volume was a record-high 381,451 contracts, 19% higher than the previous peak of 320,022 in October 2008.


Nikkei 225 Index futures volume more than doubled year on year to 4.9 million contracts while S&P CNX Nifty futures volume increased 68% to 1.2 million contracts.


The bourse experienced robust trading in practically all areas, including the commodities market.


LME-SGX metal futures trading increased and total volume in March was 38,922 contracts.


Clearing of OTC financial derivatives, meanwhile, continued to gain momentum with a notional US$12.7 bln of interest rate swaps cleared in March.
 

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