SGX trading and clearing volumes climb in September

Futures and options volume up 26%.

SGX data showed that total securities turnover was S$30.3 billion, up 6% year-on-year. Securities daily average value (SDAV) was up 1% to S$1.4 billion. The difference in quantum increase is due to one more trading day in September 2013 compared to a year earlier.

Catalist turnover increased 5 times year-on-year to S$2.9 billion, while Funds raised from bond listings grew 28% year-on-year to S$22.8 billion. The biggest was a US$1.5 billion Indonesian sovereign bond issue, noted SGX.

Meanwhile, total futures and options volume increased 26% year-on-year to 8.9 million contracts. Year-on-year, China A50 Index Futures volume doubled to 1.7 million contracts and MSCI Taiwan Index Futures trading was up 9% to 1.5 million contracts. Nifty Index Futures volume was up 13% to 1.5 million contracts. Nikkei 225 Index Futures volume was up 13% from a year earlier to 2.7 million contracts. MSCI Indonesia Index Futures volume increased more than 5 times to 45,153 contracts.

Month-end open interest was up 61% year-on-year to 3.4 million contracts. SICOM rubber futures volume reached a monthly record high of 39,230 contracts, up 70% from a year earlier.

For OTC Clearing, a total S$7.3 billion notional of new OTC financial derivatives transactions were cleared, up 1% from a year earlier.Volume of OTC commodities cleared was flat year-on-year at 46,144 contracts. Volume of iron ore swaps cleared increased 16% year-on-year to 40,917 contracts.