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SGX sees growth in securities and derivatives for October

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Singapore Exchange (SGX) saw positive growth in both securities and derivatives during October. 

Securities average daily value was up eight per cent month-on-month, but lower seven per cent year-on-year. Total traded value in October increased four per cent month-on-month to SGD21.7 billion, as compared to September, despite fewer trading days in the month (21 days) versus September (22 days).
 
October saw three new listings on Mainboard and Catalist which raised about SGD85 million. In addition, a total of 56 bond listings raised more than SGD20 billion in October, compared with 48 listings raising SGD16.5 billion a year earlier. Outstanding bonds listed on SGX increased almost three per cent to 1,854 for month-on-month and up 19 per cent year-on-year.
 
Total derivatives volume in October was 10.7 million contracts, up one per cent month-on-month and 25 per cent year-on-year.   Its average daily trading volume increased seven per cent month-on-month and 32 per cent year-on-year.
 
The total volume of equity index futures remained flat at 9.7 million contracts as the month before and up 30 per cent year-on-year.  SGX Nikkei 225 Index Futures traded almost 3 million contracts, up 17 per cent month-on-month and 25 per cent year-on-year.  Several of the key SGX Asian index futures also experienced positive growth.
 
SGX foreign exchange futures traded more than 93,000 contracts in October, a dip of seven per cent month-on-month.  The recently launched SGX Chinese Renminbi futures (RMB) futures, namely USD/CNH and CNY/USD futures, garnered strong industry support and traded a total of 7,709 contracts in its first month. 
 
Volume of OTC SGD Interest Rate Swaps cleared was SGD4 billion, lower by seven per cent from the SGD4.3 billion seen in previous month, as well as in similar period last year.
 
Total Asiaclear volume was 348,027 contracts, three per cent up month-on-month and more than five times over the volume a year earlier.
 
SGX Rubber futures contract, which is the world’s benchmark for physical rubber pricing, saw another record month with a total of 74,110 contracts traded. This was a 59 per cent increase month-on-month and almost tripled the volume the year before. The volume surge was driven by increased hedging activities from physical participants and arbitrage undertakings by financial participants during the high volatility period. 
 
Iron ore derivatives (cleared swaps, futures and options) also achieved another record month with a total of 332,863 contracts traded, three per cent up month-on-month and almost five times the volume the year before.

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