SGX posts 17-month trading high, named “Derivatives Exchange of the Year”

Apart from receiving the award from Asia Risk magazine, the exchange also announced that its October SDAV reached $2.1 billion, the highest since May 2009.


In a statement, SGX said that its securities market was active with total market turnover at $45 billion for October, up 18% from September. Exchange traded fund turnover also doubled to $953 million from September.


The FTSE Xinhua ChinaA50 Index futures, meanwhile, set its second straight record-high monthly volume with 143,061 contracts traded (approximately US$2.97 billion notional) and open interest of 21,102 contracts (approximately US$432 million notional). The contract drew global investors as it is the only offshore futures contract on the China A-share market.


These recent developments come at the heels of SGX also bagging the ETF Exchange of the Year award by Republic Partners. Apart from being the first in Asia ro offer the ETF listing platform, SGX also boasts of the region’s most internationalized and diverse range of ETFs. In the year to October 2010, ETF trading at SGX grew 43% to S$5.34 billion while the number of ETFs increased to 74.

Mr Chew Sutat, Head of Corporate & Market Strategy of SGX, said, “These awards underscore SGX’s international and innovative product range and its position as a leading listing, trading and clearing venue. Our customers can expect even more diverse products in the coming months including the S&P CNX Nifty stock index options and the EURO STOXX 50 Index futures and options.”

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