SGX sees sustained derivatives trading and OTC clearing growth

Reported 10% daily average value traded growth and 19% year-on-year surge in overall derivatives trading volume.

Singapore Exchange (SGX) on Thursday said its derivatives trading and OTC clearing businesses grew steadily in August 2010, according to its report.

Securities Market
SGX’s Securities trading remains healthy month-on-month. Daily average value traded for August was $1.5 billion, 10% higher than in July.

Derivatives and Commodities Markets
SGX’s overall derivatives trading volume grew 19% year-on-year to 5.3 million contracts, while its overall options trading volume increased year-on-year to 24,000 contracts, as compared to 3000 contracts a year ago.

AsiaClear achieved 132% increase year-on-year with close to 17,000 contracts cleared.

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