Singapore Exchange Limited : SGX derivatives trading reaches new highs in 2013
January 06, 2014 at 06:59 am EST
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Singapore Exchange (SGX) today said derivatives trading reached new highs in 2013. It also saw growth in clearing activities while securities trading declined.
For January to December 2013:
Stock market capitalisation declined 0.6% to S$940 billion. On a total return basis, including dividends, the Straits Times Index was up 3.26%.
Total equity fund-raising grew 40% to S$6.3 billion. There were 27 and 26 IPOs in 2013 and 2012 respectively.
Total bond fund-raising decreased 4% to S$176 billion. There were 465 and 390 new bonds listed in 2013 and 2012 respectively.
Securities daily average value (SDAV) increased 10% to S$1.4 billion.
ETF turnover tripled to S$3.2 billion.
Derivatives total volume and daily average volume (DDAV) increased 40% to 112 million and 459,362 contracts respectively.
Volume of SGX AsiaClear commodities almost doubled to 660,372 contracts and volume of iron ore swaps, futures and options cleared more than doubled to 590,648 contracts.
Trading in China A50 and India Nifty futures reached a record year volume of 21 million and 16 million contracts respectively. Volume of Nikkei 225 futures trading also hit a record year high of 39 million contracts.
For December 2013:
Securities
Securities daily average value (SDAV) declined 20% to S$951 million year-on-year; securities turnover was down 16% to S$20 billion year-on-year.
ETF turnover was down 56% year-on-year at S$199 million.
There was one IPO raising S$62 million, 9 times higher than a year earlier.
There were 39 new bond listings, raising S$6.1 billion, an increase of 9% year-on-year.
Derivatives
Derivatives daily average volume (DDAV) increased 6% year-on-year to 426,582 contracts respectively. Derivatives total volume grew 12% to 8.9 million contracts.
China A50 futures trading increased 23% to 2.1 million contracts year-on-year and Nikkei 225 futures volume was up 9% year-on-year at 2.9 million contracts. MSCI Taiwan futures activity increased 39% to 1.4 million contracts from a year earlier.
Nifty futures trading increased 12% to 1.3 million contracts year-on-year. MSCI Indonesia Index futures more than doubled to 21,210 contracts.
Total open interest for all our equity index, forex and interest-rate futures, and equity index options grew 20% to 3 million contracts at the end of December from a year earlier.
OTC Clearing
Volume of new OTC financial derivatives transactions cleared was S$3.7 billion, up 61% year-on-year.
Volume of OTC commodities cleared grew 77% year-on-year to 39,112 contracts.
Volume of iron ore swaps cleared almost doubled to 36,130 contracts from a year earlier.
Singapore Exchange Limited is a securities and derivatives market infrastructure company. The principal activities of the Company are those of investment holding, treasury management, provision of management and administrative services to related corporations, provision of market data and technology connectivity services. Its segments include Fixed Income, Currencies and Commodities; Equities-Cash; Equities-Derivatives; Platform and Others; and Corporate. The Fixed Income, Currencies and Commodities segment is engaged in the provision of fixed income issuer services, derivatives trading and clearing services and collateral management. The Equities-Cash segment provides issuer services, securities trading and clearing, securities settlement and depository management. The Equities-Derivatives segment is engaged in the provision of derivatives trading and clearing and collateral management. The Platform and Others segment provides various services associated with the platform businesses.
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