SGX Derivatives Trading Rises in 2013

Derivatives trading on the Singapore Exchange (SGX) reached new highs in 2013, with total volume and daily average volume increasing 40% to 112 million and 459,362 contracts respectively.
By Jake Safane(2147484770)
Derivatives trading on the Singapore Exchange (SGX) reached new highs in 2013, with total volume and daily average volume increasing 40% to 112 million and 459,362 contracts respectively.

2013 was also a positive year for ETFs traded on SGX, as turnover tripled for the year to 3.2 billion Singapore dollars. Meanwhile, total stock market capitalization fell slightly by 0.6% to 940 billion Singapore dollars.

For December 2013, derivatives daily average volume increased 6% year over year to 426,582 contracts, and derivatives total volume grew 12% to 8.9 million contracts. In particular, equity index, forex and interest-rate futures, and equity index options grew 20% year over year to 3 million contracts at the end of December.

December was also a big month for clearing, as volume of new OTC financial derivatives transactions cleared reached 3.7 billion Singapore dollars, up 61% year over year.

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