SGX

SGX: Jan securities daily trading value rose 12% y/y (+22% m/m) to $1.2b, while active clients grew 9%. This could have been in line with the introduction of smaller board lots, introduced on 19 Jan (board lots narrowed from 1,000 units to 100 units). There were 26 bond listings in the quarter (-35% y/y, doubled m/m). Meanwhile, Derivatives volume soared 67% to 1.5m contracts traded per day, driven by a 202% y/y surge (-25% m/m) in China A50 Index futures. Other futures which saw strong growth include MSCI India Index Futures, CNX Nifty Index Futures, and Indian Rupee/ USD futures. For commodities futures, contracts done for the SICOM rubber futures surged 69% y/y (+11% m/m), while the AsiaClear iron ore futures volume jumped more than five times y/y (+60% m/m).