SGX securities trading jumps 47% to $1b in January

SGX starts the year on a good note, with growth in its commodities, clearing and fixed income activities last month.

Securities
According to a statement, securities daily average value was notably 47% higher at $1.3 billion in January compared to a seasonally quiet December 2011, but down 27% year-on-year.

Exchange traded fund turnover declined 36% to $509 million.

Structured warrants volume increased 67% year-on-year to 3.5 billion units.

Derivatives
Derivatives daily average volume was up 10% at 265,590 contracts compared to December 2011, and up 2% year-on-year.

On a month-on-month basis, China A50 futures trading increased 18% to 403,621 contracts; Nikkei 225 futures trading decreased 12% to 1.7 million contracts; Nifty futures activity was up 0.6% to 1.1 million contracts and MSCI Taiwan futures volume was down 18% to 1 million contracts. The trading of MSCI Singapore Index Futures was up 3% to 302,672 contracts.

Commodities and clearing
Trading of agricultural commodity futures rose 52% to 19,357 contracts as participation in SICOM rubber futures continued to grow.

Volume of OTC commodity contracts cleared was 45% up at 24,512 contracts; clearing of iron ore swaps doubled to 8,929 contracts.

OTC interest rate swaps cleared totalled a notional $200 billion since the November 2010 launch of the service; volume cleared in January was $13 billion, down 2%.

Fixed Income
Bond listings totalled $13.5 billion, up 12% year-on-year and up 63% compared to last month.

The biggest listings were the Export-Import Bank of Korea’s US$1.25 billion 4% Notes due 2017 and US$1 billion 5% Notes due 2022 and a US$1.75 billion 5.25% Notes due 2042 sovereign bond by the Republic of Indonesia.