Equities volumes were a mixed bag in November, with some exchanges enjoying volume gains while others suffered declines during the month.
Hong Kong Exchanges and Clearing experienced some of the most impressive gains, jumping to US$37.9 billion from US$32.9 billion the previous month after a small dip in September.
At the Singapore Exchange (SGX), securities market turnover grew on October to US$16.9 billion from US$15.9 billion. However, the bourse registered a savage decrease in appetite for some of its most popular instruments – exchange traded funds. Turnover for ETFs was down 39% year-on-year to S$327 million.
SGX said derivatives volumes increased 23% year-on-year to 7.19 million contracts and daily average volume increased 22% to 342,506 contracts. Equity index options volume more than tripled year-on-year to 630,292 contracts, driven by growth in the Nikkei 225 index options.
Overall Australian volumes remained reasonably stagnant over the period, nudging up to US$81 billion from US$79.5 billion. Market share of the S&P ASX 200 for one-year-old alternative venue Chi-X Australia jumped to 7.9% from 6.65% a month earlier as the upstart continued to make gains on the incumbent Australian Securities Exchange.
However, in Japan – where volumes fell to US$325.02 billion from US$331.9 billion – proprietary trading system (PTS) Chi-X Japan lost minimal ground, dipping to 2.30% from 2.35% in October. The derivatives-focused Osaka Securities Exchange gained market share, jumping to 4.60% from 4.30%, while PTS SBI Japannext’s share of volumes rose to 3.95% from 3.51%.
“We are pleased to announce that we have set new records for the month of November,” said Chuck Chon, co-CEO, SBI Japannext after filing a monthly record turnover of ¥1.1 trillion, an average daily record turnover of ¥51.6 billion, and a daily record turnover of ¥71.8 billion on 30 November.
Volumes in India decreased to US$48.5 billion from US$54.7 billion in October after two months of sustained growth.