Singapore Exchange (SGX) saw continued growth in securities trading and record volumes in its derivatives market. There were 21 trading days in April 2015 as compared with 22 trading days in March 2015 and 21 trading days in April 2014.
Securities
– Securities average daily trading value was about $1.3 billion in April, up 3% year-on-year and 11% month-on-month.
Total traded value was about $26.5 billion, up 3% year-on-year and 6 % month-on-month.
– Total market capitalisation remained unchanged at $1.05 trillion year-on-year and 6% up month-on-month.
– In April, there were a total of 3 IPOs and 39 bond listings raising more than $11.1 billion from the market.
Derivatives
– Derivatives average daily trading volume was up 87% year-on-year to 781,782 contracts and increased by 15% month-on-month. Total derivatives volume in April was more than 16 million contracts, up 89% year-on-year and 10% month-on-month. SGX Derivatives set a new single-day record volume of 1.9 million contracts on 28 April 2015.
– SGX Equity Index Futures traded a record volume of more than 14.6 million contracts, a 105% jump year-on-year and 10% increase month-on-month.
– SGX’s leading suite of Asian equity contracts including FTSE China A50 futures, CNX Nifty Index, MSCI India Index futures, MSCI Taiwan Index Futures, and MSCI Indonesia Index Futures recorded double-digit growth month-on-month. SGX FTSE China A50 Index Futures volumes topped
over a million in a single day trading session on 28 April 2015 with a total of 1,040,772 contracts exchanging hands.
– SGX foreign exchange (FX) futures traded a total of 234,398 contracts, which is about 27 times the volume a year earlier. However, April saw a slight drop of 7% as compared to the month before.
– Volume of cleared OTC SGD Interest Rate Swaps was $13.5 billion, up 118% year-on-year and almost twice the previous month. There was volatility in SGD rates arising from market expectations and the subsequent mid-month release of MAS Monetary Policy statement which maintained a modest, gradual appreciation of the local unit leading rates to fall back from recent highs.
Commodities
– Total AsiaClear volume was 591,263 contracts, almost three times the volume a year before and up 8% month-on-month.
– Volume of cleared iron ore derivatives hit a total of 563,719 contracts, about three times the total last year and increase of 6% month-on-month. SGX iron ore product suite including swaps, futures and options also hit record open interest of 708,888 contracts on 29 April 2015.
– SICOM rubber futures, the world’s benchmark for physical rubber pricing, traded a total volume of 52,027 contracts due to the hedging and trading activities by market participants to manage increased price volatility. This was an increase of 29% year-on-year and 15% up month-on-month.
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