New single-day record for SGX SICOM Rubber Futures

Peak volume traded reached 3,412 lots.

Singapore Exchange (SGX) is pleased to announce that its global benchmark SICOM Rubber Futures contracts achieved a new single-day record yesterday.

Total futures volume traded on 12 September 2013 was 3,412 lots (equivalent to more than 17,000 tonnes), representing 35% of international markets. Trading interest in the SGX SICOM Rubber Futures market is also at an all-time high since the SICOM market migrated to the SGX Derivatives Trading platform in 2011, with monthly volumes in August 2013 surging 46% higher than a year before.

More than 70% of major tyre manufacturers rely on SGX SICOM TSR20 and RSS3 Rubber prices as their pricing benchmark. In addition, SGX SICOM TSR20 Rubber Futures contract is the only actively traded instrument in the industry that is used to manage price and counterparty risk exposure in Technically Specified Rubber (TSR).

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