SGX September derivatives and commodities trading step up

But the exchange’s securities turnover dived 21% due to economic uncertainties.

Singapore Exchange (SGX) said derivatives and commodities activity rose while securities trading fell in September from a year earlier.

Securities
Turnover fell 21% year on year to $30 billion, in line with global markets, due to economic and fiscal uncertainties. Securities daily average value was $1.4 billion, down 25% from a year earlier.

However, exchange traded fund turnover more than doubled from a year earlier to $1.1 billion and structured warrants trading more than doubled to $928 million, according to an SGX report.

Derivatives
Total volume increased 33% year on year to 7.2 million contracts; derivatives daily average volume was 349,378 contracts.

Nifty futures volume was 64% higher from a year earlier at 1.5 million contracts. MSCI Singapore futures volume was 53% up at 457,321 contracts while MSCI Taiwan futures volume was 42% up at 1.7 million contracts over the same period. China A50 futures trading was active at 281,680 contracts but was down 6% from August. 

Commodities and Clearing
SICOM rubber futures trading rose 62% year on year to 24,512 contracts following the migration of the contracts onto the SGX platform in May.

Volume of OTC commodity contracts cleared rose 51% from a year earlier to 18,601 contracts.

Volume of Iron Ore Swaps cleared tripled from a year earlier to 7,957 contracts.

Clearing of OTC Interest Rate Swaps continued to grow with a notional $4.4 billion cleared in September, bringing the cumulative amount cleared since launch to $169 billion notional. 

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