Derivatives trading and clearing activities grew in November from a year earlier while securities trading declined, according to Singapore Exchange (SGX).
The derivatives market also had a record-high open interest.
The value of securities traded was USD19.5bn, down 30 per cent from USD27.8bn last year. The daily average value of securities traded declined to USD927m from USD1.3bn.
A total of 57 bonds raising USD11.3bn were listed. The biggest debt listed was Singapore Housing Development Board’s USD1.5bn fixed rate notes due 2017.
There were three new IPOs in November raising USD2.7bn.
Derivatives volume rose 23 per cent year-on-year to 8.9 million contracts.
Open interest at end-November rose 54 per cent from a year earlier to a record 4.0 million contracts.
China A50 futures volume rose 92 per cent to 2.3 million contracts, MSCI Taiwan futures trading declined six per cent to 1.5 million contracts while Nikkei 225 futures trading increased 14 per cent to 2.4 million contracts. The MSCI Indonesia futures volume more than doubled to 30,708 contracts.
SGX introduced Asian foreign exchange futures for Asian currencies from 11 November, trading a total of 5,552 contracts for the month.
A total SGD4.1bn notional of new OTC financial derivatives transactions were cleared, up 52 per cent year-on-year.
The volume of OTC commodities cleared increased 35 per cent year-on-year to 38,033 contracts.
The volume of iron ore swaps cleared increased 75 per cent from a year earlier to 36,611 contracts.
SICOM rubber futures volume increased 58 per cent from a year earlier to 23,732 contracts.