RETAIL FINANCIAL SERVICES | Staff Reporter, Singapore

SGX derivatives volume jumped 20% to 8.5m contracts

But value of securities dropped 6% to $24.7b.

Singapore Exchange (SGX) today said derivatives trading and clearing activities grew in October from a year earlier while securities trading declined.

Record-high open interest was achieved in the derivatives market during the month. Value of securities traded fell 6% year-on-year to $24.7 billion; daily average value of securities traded declined 6% to $1.1 billion.

A total of 48 bonds raising $16.5 billion were listed. The biggest debt listed was Origin Energy Finance’s EUR800 million bond.

Derivatives volume rose 20% year-on-year to 8.5 million contracts. Open interest at end-October rose 62% from a year earlier to 3.7 million contracts.

Record-high open interest of 3.8 million contracts was achieved on 29 October 2013. China A50 futures volume rose 65% to 1.7 million contracts, MSCI Taiwan futures trading grew 9% to 1.5 million contracts while Nikkei 225 futures activity increased 11% to 2.4 million contracts.

The MSCI Indonesia futures volume tripled to 29,717 contracts.

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.