The Singapore Stock Exchange (SGX) has reported a 17-month high in its securities average daily value in October, while the FTSE Xinhua A50 futures and Nikkei 225 index options experienced renewed investor interest, breaching records for monthly volume.
The total market turnover on the securities market was S$45 billion for October 2010, up 18% from September. Exchange-traded fund turnover doubled to S$953 million from September.
The derivatives market traded an average daily volume of 259,109, up 24% year-on-year. In addition, the FTSE Xinhua ChinaA50 index future set its second straight record-high monthly volume with 143,061 contracts traded. The contract is particularly attractive to international investors, as it is the only offshore futures contract on the China A-share market.
The Nikkei 225 index options traded a total of 183,734 contracts in October, representing a six-fold increase on September's value, while SGX's AsiaClear clearing business volume grew to 17,873 contracts in October from 7,399 a year earlier, with significant growth in the number of energy swaps cleared.
SGX is currently working on a merger with the Australian Securities Exchange, following the signing of an agreement between the two exchanges in October 2010. The venue has also introduced Standard Chartered Securities, a unit of the emerging markets-focused banking, to its securities market earlier this month, bringing the number of trading members to 29.