Singapore Exchange : SGX market volumes grow in July from June
August 04, 2014 at 10:16 pm EDT
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Singapore Exchange (SGX) reported slight growth in securities and derivatives activities in July from a month earlier though volumes were unchanged or lower from a year earlier.
Securities
Total traded value was S$21 billion, 24% down from a year earlier, but up 2% month-on-month. Daily average value was down 20% to S$ 954 million year on year and 2% down month on month. July 2014 had 22 trading days compared with 21 in June 2014 and 23 in July 2013. Total market capitalisation increased 6% year on year to $1.0 trillion.
Six IPOs raised $508 million in July, compared with 8 listings which raised $1.5 billion a year earlier.
A total of 51 bond listings raised S$21 billion in July, compared with 29 raising $11 billion a year earlier. The biggest bonds listed included US$2 billion issue from Sumitomo Mitsui Banking Corporation and the EUR1 billion Indonesian sovereign bond. Outstanding bonds listed on SGX totalled 1,773, up 21% year on year.
Derivatives
Total derivatives volume was unchanged at 8.9 million contracts in July from a year earlier and up 3% month on month.
The China A50 futures was the most active contract, with 3.2 million contracts traded, up 85% from a year earlier. Volume of the India Nifty futures was 1.6 million contracts, up 29% year on year while the MSCI Taiwan futures volume was down 15% at 1.6 million contracts. Nikkei 225 futures volume was down 45% at 1.5 million contracts.
Volume of SGX foreign exchange futures tripled from a month earlier to 43,000 contracts. Volume of new OTC SGD interest rate swaps cleared was S$4.2 billion, doubling month on month but 19% lower year on year.
Commodities
Total commodities (OTC and futures) volume totalled 211,537 contracts, double that of a year earlier.
Total Asiaclear futures volume was 172,757 contracts, triple the volume a year earlier. Total volume of iron ore derivatives (futures, options and cleared swaps) was 157,673 contracts, three times the volume a year earlier.
SGX rubber futures saw a total of 38,780 contracts traded, a 20% increase year on year.
Singapore Exchange Limited is a securities and derivatives market infrastructure company. The principal activities of the Company are those of investment holding, treasury management, provision of management and administrative services to related corporations, provision of market data and technology connectivity services. Its segments include Fixed Income, Currencies and Commodities; Equities-Cash; Equities-Derivatives; Platform and Others; and Corporate. The Fixed Income, Currencies and Commodities segment is engaged in the provision of fixed income issuer services, derivatives trading and clearing services and collateral management. The Equities-Cash segment provides issuer services, securities trading and clearing, securities settlement and depository management. The Equities-Derivatives segment is engaged in the provision of derivatives trading and clearing and collateral management. The Platform and Others segment provides various services associated with the platform businesses.
SINGAPORE EXCHANGE LIMITED 
