SGX Securities, Derivatives Trading Up in November

Volume of trading in securities and derivatives in Singapore Exchange rose in November from a year earlier, the bourse operator said Wednesday.

The securities market turnover and daily average value (SDAV) both grew 8 per cent year-on-year to S$27.3 billion and S$1.3 billion respectively. Compared with October, turnover was up 5 per cent and SDAV was up 10 per cent.

However, exchange traded funds turnover was down 39 per cent year-on-year to S$327 million.

Value of bond listings was up 91 per cent in November. A total of 35 listings raised S$15.3 billion compared with 16 listings raising S$8 billion a year earlier.

For derivatives, volume traded in November increased 23 per cent year-on-year to 7.19 million contracts and daily average volume increased 22 per cent to 342,506 contracts.

Over-the-counter (OTC) interest rate swaps cleared totalled S$314 billion notional since its November 2010 launch. Volume of new trades cleared in November was S$2.7 billion, a decrease of 37 per cent year-on-year, reflecting dampened market trading and corporate activities ahead of the holiday season.

On the commodities front, SGX said AsiaClear volume jumped 47 per cent to 28,264 contracts; iron ore swaps clearing volume increased 65 per cent to 20,877 contracts while volume of energy swaps cleared more than doubled to 1,048 contracts.

SICOM rubber futures trading was down by half to 15,041 contracts, reflecting a year-end slowdown in the physical market.