SGX’s Derivatives Volume Hits All-time High in March

Singapore Exchange’s (SGX) derivatives daily average volume

reached an all-time high in March, while securities and clearing activities

grew from a year earlier, the exchange said on Tuesday.

For the securities market, turnover rose 22 per cent year-on-year to
 
S$37.2 billion, with a securities daily average volume of S$1.6 billion.

ETF trading more than doubled to S$1.08 billion from a year earlier.

SGX said its volume for the derivatives market was 8.5 million

contracts, up 79 per cent from the previous year. The daily average

volume was a record-high 381,451 contracts, 19 per cent higher than

the previous peak of 320,022 in October 2008.

Nikkei 225 Index futures volume more than doubled year-on-year to

4.9 million contracts, while S&P CNX Nifty futures volume increased

68 per cent to 1.2 million contracts. FTSE A50 futures continued to be

active with 203,586 contracts traded and open interest of 37,353.

LME-SGX metal futures trading increased in March, with a total

volume of 38,922 contracts.

Clearing of Iron Ore Swaps rose 54 per cent to 4,257 contracts from

a year earlier.

Clearing of OTC financial derivatives continued to gain momentum

with a notional US$12.7 billion of interest rate swaps cleared in

March.