SGX

SGX: weaker securities performance in June. Avg daily value was $1.2bn (-26% yoy), while avg daily volume was 1bn shares (-50% yoy). Derivatives did comparatively better, with futures & options avg daily volume recording +5%yoy, although was still -23%mom. Derivs vol mainly driven by strong activity in Japanese and Indian equity index futures, and gold contracts. In FY09, securities contributed two-thirds of revenue, and derivatives the remaining one-third.