Securities and derivatives trading volumes declined during January 2014 at the Singapore Exchange (SGX), although clearing activities increased.
The total value of securities traded was S$22.5 billion, falling 44% from S$40.1 billion in January 2013. The daily average value declined to S$1.1 billion from S$1.8 billion.
Derivatives volume in January fell 7% year-on-year to 8.8 million contracts. Nikkei 225 futures trading declined 29% to 2.4 million contracts. However, China A50 futures volume rose 21% to 2.4 million contracts and MSCI Indonesia futures volumes doubled to almost 24,000 contracts.
SGX’s clearing activities were busier in January. S$6.9 billion of OTC financial derivatives transactions were cleared, up 6% year-on-year. Commodities clearing during the month exceeded twice the level of business recorded during January 2013.