SGX

SGX trading volume: Securities trading volume for the month of December was $22b (+8.2% y/y) with average daily trading value of $983m (+3.4%), as there was one extra trading day in Dec ’14 than a year earlier. On a full year basis, both securities trading value and average daily trading volume fell 25% to $266b and $1.1b respectively. Derivatives hit trading records in December and the entire 2014. December volume almost doubled y/y at 17m contracts, thanks to the FTSE China A50 futures (almost 5x) and India Nifty Futures (+29%). On a full year basis, volume increased 7.4% to 120m contracts, as the FTSE China A50 futures volume almost doubled to 41m contracts.