SGX

SGX: Released its trading stats for the moth of October, which saw derivatives trading and clearing activities grew from a year earlier while securities trading declined. Record-high open interest was achieved in the derivatives market during the month. Breakdown of stats are as per follows: Securities • Value of securities traded fell 6% y/y to $24.7b, as daily average value of securities traded declined 6% to $1.1b. • A total of 48 bonds raising $16.5b were listed. The biggest debt listed was Origin Energy Finance’s EUR800m bond. Derivatives • Derivatives volume rose 20% y/y to 8.5m contracts. • Open interest at end-October rose 62% y/y to 3.7m contracts. Record-high open interest of 3.8m contracts was achieved on 29 Oct 13. • China A50 futures volume rose 65% to 1.7m contracts, MSCI Taiwan futures trading grew 9% to 1.5m contracts while Nikkei 225 futures activity increased 11% to 2.4m contracts. The MSCI Indonesia futures volume tripled to 29,717 contracts. • The value of OTC interest rate swaps cleared fell 51% to $4.3b. Commodities • Volume of OTC commodity swaps cleared increased 9% y/y to 38,851 contracts; volume of AsiaClear OTC iron ore swaps cleared rose 35% to 36,470 contracts. • Volume of the recently-launched AsiaClear futures stood at 26,328 contracts in October, 10 times the volume in September. AsiaClear iron ore futures volume was 25,158 contracts, 14 times the volume a month earlier. • SICOM rubber futures volume slid 3% from a year earlier to 26,045 contracts.