SGX derivatives trading grows, but equities volumes languish

The Singapore Exchange has announced that whilst derivatives trading grew in October from a year earlier, equities trading declined.

The Singapore Exchange (SGX) has announced that whilst derivatives trading grew in October from a year earlier, equities trading declined.

The daily average value of securities traded declined 6% to $1.1 billion. SGX did not offer an explanation for the fall in volume.

However, record-high open interest was achieved in Singapore’s derivatives market during the same month.

Aggregate derivatives volumes rose 20% year-on-year to 8.5 million contracts. China A50 futures volumes increased by 65% to 1.7 million contracts and MSCI Indonesia futures volumes tripled to 29,717 contracts. The value of OTC interest rate swaps cleared fell 51% to S$4.3 billion.

SGX also said that it has chosen London Stock Exchange Group’s (LSEG) MillenniumIT to provide a new post-trade system for its securities market, which is expected to begin operating from the end of 2015.

The new system will enable multi-currency and multi-asset expansion of clearing, settlement and depository services.  SGX says it will shorten the time-to-market for new securities products and support members with more flexibility across their post-trade requirements. 

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