Wednesday, March 02, 2011

SGX Securities and Derivatives Trading Improves in February

Singapore Exchange (SGX) on Wednesday said its securities and

derivatives trading grew strongly in February from a year earlier, as

funds continue to pour in Singapore and the region.

The securities market was healthy with total market turnover of

S$31.5 billion, up 32 per cent year on year. This translates into daily

average value of S$1.7 billion for February.

Trading of exchange traded funds (ETFs) also recorded strong

growth as it tripled to S$628 million in February from a year earlier.

Five Asian sectoral ETFs were added last month, offering customers

the region's most comprehensive suite of sectoral ETFs. This brings

to 80 the total number of ETFs on SGX.

Meanwhile, overall derivatives trading volume rose 39 per cent year-
on-year to 5.2 million contracts in February. The average daily volume

was 300,493 contracts.

Nifty index futures volume grew 55 per cent year-on-year to 1.1

million contracts while FTSE A50 futures activity continued to

increase with volume of 221,729 contracts in February.

The OTC (over-the-counter) financial derivatives clearing business,

which began in November, showed good traction with a notional

US$24.2 billion of interest rate swaps cleared from the launch to

end-February. For last month alone, a notional US$10.2 billion of

swaps were cleared.

New data in the February monthly statistics report include data on

securities on loan under the CDP (The Central Depository) Securities

Borrowing and Lending programme and trading statistics for LMESGX

metal futures.

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