TRADING VENUES

SGX reports December derivatives decline

Securities outperforms derivatives as SGX reports trading volumes fell 8% in December.

By Hayley McDowell hayley.mcdowell@strategic-i.com January 09, 2017 12:59 PM GMT

The Singapore Exchange (SGX) has reported a decline across its derivatives volumes in December 2016, compared to the same month in 2015.

Total derivatives volume in December was reported at 13.3 million contracts, down 20% compared to the month prior and down 8% year-on-year.

Equity index futures saw a similar decline at 11.1 million contracts traded, down 13% compared to November 2016 and 9% compared to December 2015.

SGX’s securities market performed slightly better than its derivatives products, with total securities market turnover value up 23% in December 2016, compared to the same period in 2015.

The average daily value of securities stood at $996 million, up almost 30% from December 2015.

Loh Boon Chye, chief executive officer at SGX, outlined the opportunities and priorities for the exchange during its annual general meeting in September last year.

He explained in the derivatives space, SGX plans to “enhance [its] position as a hub to invest, trade and hedge all major Asian markets.”

“We will build on our development of pan-Asian products and services, including Asian currency futures, RMB clearing services, our steel product suite, and power and gas derivatives,” he added.