by Jared Heng
Singapore Exchange (SGX) recorded year-on-year growth in its commodities, clearing and fixed income activities last month.
SGX said Friday that trading of agricultural commodity futures rose 52 per cent to 19,357 contracts as participation in SICOM rubber futures continued to grow.
Volume of over-the-counter (OTC) commodity contracts cleared was 45 per cent higher at 24,512 contracts, while clearing of iron ore swaps doubled to 8,929 contracts.
OTC interest rate swaps cleared totalled a notional S$200 billion since the November 2010 launch of the service, while the volume cleared in January was S$13 billion, down 2 per cent.
For fixed income, bond listings totalled S$13.5 billion, up 12 per cent year-on-year, and up 63 per cent compared with the previous month. The biggest listings were the Export-Import Bank of Korea’s US$1.25 billion 4-per cent Notes due 2017 and US$1 billion 5-per cent Notes due 2022, as well as US$1.75 billion 5.25-per cent Notes due 2042 by the Republic of Indonesia.
SGX’s securities daily average value was 47 per cent higher at S$1.3 billion in January compared with a seasonally quiet December 2011, but down 27 per cent year-on-year.
Compared with a year ago, exchange traded fund turnover declined 36 per cent to S$509 million, while structured warrants volume increased 67 per cent to 3.5 billion units.
Derivatives daily average volume rose 10 per cent to 265,590 contracts compared with December 2011, and was up 2 per cent year-on-year.
On a month-on-month basis, China A50 futures trading increased 18 per cent to 403,621 contracts, while Nikkei 225 futures trading decreased 12 per cent to 1.7 million contracts.
Compared with December 2011, Nifty futures activity was up 0.6 per cent to 1.1 million contracts, MSCI Taiwan futures volume was down 18 per cent to 1 million contracts, and the trading of MSCI Singapore Index Futures was up 3 per cent to 302,672 contracts.
