SGX securities daily average value spiked 59% to $1.6b

Securities turnover also went up.

Singapore Exchange (SGX) said its securities and derivatives activities increased in June, compared to a year earlier.

For the last 12 months (July 2012 to June 2013), stock market capitalisation increased 13% to S$954 billion. Total bond fund-raising increased 45% to S$196 billion. Of this number, S$4.5 billion was denominated in Chinese renminbi. Securities daily average value (SDAV) increased 11% to S$1.5 billion, while derivatives daily average volume (DDAV) increased 34% to 412,558 contracts. Volume of OTC commodities cleared increased 79% to 446,892 contracts and volume of iron ore swaps cleared tripled to a record 370,224 contracts.

For the securities market, securities daily average value (SDAV) increased 59% to S$1.6 billion year-on-year; securities turnover was up 52% to S$32.2 billion year-on-year. ETF turnover was 22% higher year-on-year at S$426 million. Total bond fund-raising declined 37% year-on-year to S$6.9 billion.

For the derivatives market, derivatives daily average volume (DDAV) increased 77% year-on-year to 556,728 contracts, a new monthly record. Derivatives volume increased 64% year-on-year to 10.7 million contracts. China A50 futures trading nearly tripled to 1.7 million contracts year-on-year and Nikkei 225 futures volume was up 76% year-on-year at 4.5 million contracts. MSCI Taiwan futures activity increased 19% to 1.6 million contracts from a year earlier.

Nifty futures trading also increased 23% to 1.5 million contracts year-on-year and had a record monthly DDAV of 73,052 contracts. MSCI Indonesia Index Futures reached record volumes and monthly DDAV of 44,436 and 2,339 contracts respectively. Total open interest for all our equity index and interest-rate futures, and equity index options doubled to more than 3 million contracts at the end of June from a year earlier.

For OTC Clearing, the volume of OTC financial derivatives cleared was S$6.2 billion, down 23% year-on-year. Volume of OTC commodities cleared more than doubled year-on-year to 46,869 contracts. Also, the volume of iron ore swaps cleared more than quadrupled to 40,682 contracts from a year earlier.

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