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Singapore Exchange’s Securities, Derivatives Activities Up in February


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by Jared Heng

Singapore Exchange (SGX) posted an increase in derivatives volume in February. Activity in the securities and commodity market also grew during the month from January and compared with a year earlier.

The daily average value of securities rose 41 per cent to S$1.8 billion in February from January, and was up 4 per cent year-on-year.

Exchange traded funds turnover declined 17 per cent to S$518 million from a year earlier.

On a year-on-year basis, structured warrants volume more than doubled to 5.1 billion units.

The daily average volume of derivatives was up 22 per cent at 323,058 contracts compared with January, and was 8 per cent higher year-on-year.

China A50 futures volume grew 71 per cent to 689,130 contracts from January, while Nikkei 225 futures volume rose 39 per cent to 2.4 million contracts. Nifty futures activity was up 13 per cent at 1.3 million contracts and MSCI Taiwan futures volume was up 46 per cent at 1.5 million contracts. Trading of MSCI Singapore Index Futures was up 16 per cent at 350,915 contracts.

Trading of SICOM rubber futures rose 12 per cent to 21,758 contracts from January, and was up 80 per cent year-on-year as availability of the rubber futures on the SGX derivatives platform continued to draw more participation.

Volume of over-the-counter (OTC) commodity contracts cleared was flat at 24,659 contracts from a month earlier and 58 per cent higher year-on-year. Iron ore swaps cleared totalled 11,971 contracts, up 34 per cent month-on-month and almost five times the volume recorded a year earlier.

OTC interest rate swaps cleared totalled a notional S$204 billion since the November 2010 launch, while the volume of new trades cleared in February this year was S$5.1 billion, up 12 per cent year-on-year.

Bond listings more than doubled year-on-year to S$16.5 billion, and were up 22 per cent from January.

The biggest listings were Hutchison Whampoa International’s US$500-million 2017 Guaranteed Notes and US$1-billion 2022 Guaranteed Notes; DBS Bank’s US$1-billion 2017 Notes; Bank of Tokyo-Mitsubishi UFJ’s US$1-billion 2017 Senior Notes; and Reliance Holding USA’s US$1-billion 2022 Guaranteed Senior Notes.