Thursday, May 05, 2011

SGX Securities Trading Falls, Derivatives Up in April

Singapore Exchange (SGX) on Wednesday announced that the daily average value of its securities in April fell 4 per cent from a year ago to S$1.6 billion due to continued market uncertainties, but derivatives volume grew.

Total securities turnover was down 8 per cent in April to S$32.3 billion. Meanwhile, exchange traded fund turnover grew 43 per cent year on year to S$696 million.

On the other hand, derivatives daily average volume for the same month was up 12 per cent from a year earlier at 252,401 contracts while total volume rose 3 per cent to 4.9 million contracts.

Nifty futures trading increased 37 per cent to 1.1 million contracts while FTSE China A50 futures volume was 193,884 contracts in April.

Clearing of OTC interest rate swaps continued to grow with April volume at a notional US$33.6 billion and cumulative volume since the November 2010 launch at a notional US$70.5 billion.

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