SGX

SGX: Aug operating data. Securities daily average value was down 4% to $1.4b, despite Catalist turnover surging nearly 5-fold yoy to $1.4b. Growth continued to be driven by derivatives trades. Total futures and options volume rose 32% yoy to 8.6m contracts, boosted by China A50 Index Futures (doubled to 1.8m contracts yoy), Nifty Index Futures (volume +34% to 1.6m contracts). Meanwhile, the volume of OTC commodities cleared increased 29% yoy to 49,667 contracts, and volume of iron ore swaps cleared increased 53% yoy to 45,610 contracts.