SGX Derivatives and OTC Clearing Volumes Increase in October

Singapore Exchange (SGX) Wednesday announced that derivatives and commodities activity rose while securities trading fell in October from a year earlier.

Turnover for securities fell 38 per cent year-on-year to S$28 billion as global uncertainties continued to curb investor appetite. The securities daily average value was S$1.4 billion, down 35 per cent from a year earlier.

ETF turnover fell 42 per cent to S$557 million but structured warrants trading rose 61 per cent to S$812 million.

Total derivatives volume increased 11 per cent year-on-year to 5.9 million contracts, while the derivatives daily average volume was 304,088 contracts, up 17 per cent.

Nifty futures volume was 19 per cent higher from a year earlier at 1.2 million contracts. MSCI Singapore futures volume rose 30 per cent to 412,671 contracts. China A50 futures trading more than doubled year-on-year to 305,667 contracts.

Commodity futures volume increased 2 per cent year-on-year to 21,906 contracts.

Volume of over-the-counter (OTC) commodity contracts cleared rose 45 per cent from a year earlier to 26,037 contracts.

Meanwhile, volume of Iron Ore Swaps cleared totalled 15,380 contracts, five times that of a year earlier.

Clearing of OTC Interest Rate Swaps continued to grow with a notional S$11.4 billion cleared in October, bringing the cumulative amount cleared since launch to S$180 billion notional.