Saturday, September 03, 2011

Strong SGX Trading Volume Growth in August

Securities and derivatives trading volumes at the Singapore Exchange (SGX) grew strongly in August from a year ago.

SGX said on Friday that turnover for securities increased 31 per cent year-on-year to S$41.4 billion, with a securities daily average value of S$1.97 billion.

Exchange traded fund turnover jumped 156 per cent from a year earlier to S$1.18 billion.

Structured warrants volume soared 189 per cent year-on-year to 5.2 million units.

Total volume for derivatives increased 53 per cent year-on-year to 8.1 million contracts, with a derivatives daily average volume of 360,282 contracts.

China A50 futures trading rose 31 per cent from July to 301,133 contracts, while MSCI Taiwan futures volume was up 49 per cent from a year earlier to more than 2 million contracts. Nifty futures volume was 80 per cent higher from a year earlier at 1.48 million contracts.

Volume of over-the-counter (OTC) commodity contracts cleared rose 29 per cent from a year earlier to 21,884 contracts.

Volume of Iron Ore Swaps cleared hit a new record high of 8,564 contracts, more than double from a year earlier.

Clearing of OTC Interest Rate Swaps continued to grow with a notional S$22 billion cleared in August, bringing the cumulative amount cleared since launch to S$164 billion notional.

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