SGX Securities Trading Down, Derivatives Trading Up in December

The Singapore Exchange (SGX) on Wednesday said that its securities turnover in December 2011 fell 41 per cent from a year ago to S$16.67 billion.

The daily average value of securities traded was 36 per cent lower from a year ago at S$794.0 million.  Also, the turnover from exchange traded funds declined 18 per cent year-on-year to S$640 million.

Total derivatives trading volume, however, rose 6 per cent to 5.1 million contracts while daily average volume increased 8 per cent to 241,783 contracts.

China A50 futures trading more than doubled to 342,825 contracts, while Nifty futures activity rose 28 per cent to 1.1 million contracts and MSCI Taiwan futures volume was 8 per cent up at 1.2 million contracts.

Meanwhile, agricultural commodity futures volume also increased 6 per cent to 17,263 contracts as participation in SICOM rubber futures continued to grow.

SGX also said that volume of OTC commodity contracts cleared was 8 per cent up at 12,369 contracts while clearing of iron ore swaps was over three times that of a year earlier at 7,453 contracts.

Since its launch in November 2010, OTC interest rate swaps cleared totalled a notional S$186.0 billion.

For fixed income, bond listing in SGX totalled S$8.3 billion, up 49 per cent year-on-year. The biggest listings were KDDI Corporation’s JPY190-billion 2015 convertible bond, Tencent Holdings’ US$600-million 2016 senior note and Hana Bank’s US$500-million 2017 note.