SGX securities trading plunged 35% to $20.9b

Derivatives volume also down 7%.

According to a release, Singapore Exchange (SGX) recorded increases in its commodities trading and clearing activities in February 2014. Securities and derivatives activities declined.

Securities trading declined 35% to $20.9 billion; daily average value of trading fell 41% to $1.0 billion due to more trading days in February 2014 compared with a year earlier.

On a month-on-month basis, February 2014 securities trading was 7% down while daily average value was 2% lower. February 2014 had one less trading day compared with January 2014.

Bond listings totaled 33 in February, raising $8.9 billion. The biggest bond issues were the EUR1.5 billion convertible perpertual bond from Banco Bilbao Vizcaya Argentaria SA and the US$500 million notes from Indian Railway Finance Corporation and Korea Gas Corporation.

Derivatives volume fell 7% year-on-year to 8.1 million contracts though open interest rose 6% to 3.3 million contracts at the end of February from a year earlier. Daily average volume of 450,251 was 13% lower due to more trading days in February 2014 from a year earlier.. 

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