SGX securities trading tumbled 25% in 2014, derivatives volume rose 7.4% to record

The Singapore Exchange (SGX) said on Tuesday that derivatives trading hit records in December and the whole of 2014, while trading in shares and bonds grew in December but fell by 25 per cent for the year. -- ST PHOTO: KUA CHEE SIONG
The Singapore Exchange (SGX) said on Tuesday that derivatives trading hit records in December and the whole of 2014, while trading in shares and bonds grew in December but fell by 25 per cent for the year. -- ST PHOTO: KUA CHEE SIONG

The Singapore Exchange (SGX) said on Tuesday that shares trading grew in December but tumbled 25 per cent for the year - the most since trading plunged by 37 per cent in 2008 at the height of the global financial crisis.

On a brighter note, derivatives trading hit records in December and the whole of 2014.

For the whole of 2014:

Securities

- Total trading value was $266 billion, down 25 per cent from 2013; average daily trading value was $1.1 billion, down 25%.

- Market capitalisation grew 6.1 per cent to $998 billion. On a total return basis, including dividends, the Straits Times Index was up 9.5 per cent.

- New company listings totaled 41, up from 32 in 2013. Total funds raised were $3.9 billion, down 45% from 2013.

- New bond listings totaled a record 521 versus 465 in 2013. Value of bond listings also hit a record, growing 21 per cent to $213 billion.

Derivatives

- Volume reached a record 120 million contracts, up 7.4 per cent from 2013.

- FTSE China A50 futures volume almost doubled to 41 million contracts from 22 million contracts in 2013.

- Indian rupee/US dollar foreign exchange futures trading totaled 597,738 contracts in 2014, following its November 2013 launch; volume of the newly-launched US dollar/Chinese renminbi FX futures totaled 29,824 contracts in 2014.

Commodities

- SICOM rubber futures volume grew 41 per cent to 489,790 contracts.

- Volume of cleared iron ore swaps and AsiaClear iron ore futures totaled a record 2.6 million contracts, five times the 525,448 contracts of 2013. Cleared iron ore swaps volume increased 20 per cent to 551,954 contracts while AsiaClear iron ore futures volume was 2 million contracts, 31 times the 65,839 contracts of a year earlier.

For December 2014:

Securities

- Total trading value was $22 billion, up 8.2 per cent from a year earlier; average daily trading value was $983 million, up 3.4 per cent. December 2014 had one more trading day than December 2013.

- New companies listed totaled 7, raising $583 million compared with 3 raising $569 million a year earlier.

- Bond listings totaled 28 raising $8 billion. This was 36 per cent up from the amount raised a year earlier.

Derivatives

- Volume was a record 17 million contracts, almost double the 8.9 million contracts of a year earlier.

- FTSE China A50 futures volume was a record 9.5 million contracts, almost five times the 2.1 million contracts of a year earlier.

- India Nifty futures trading grew 29 per cent to 1.7 million contracts.

- Nikkei 225 futures volume was steady at 2.9 million contracts.

- Indian Rupee/US dollar foreign exchange futures volume was 170,004 contacts following its launch 13 months earlier, and up 59 per cent from November 2014.

- US dollar/Chinese renminbi FX futures volume was 9,549 contracts, two months after its launch.

- Cleared OTC financial derivatives volume was $2.9 billion, down 22 per cent year-on-year.

Commodities

- SICOM rubber futures volume was 42,585 contracts, up one-third from 32,195 contracts a year earlier.

- Volume of cleared iron ore swaps and AsiaClear iron ore futures totaled 325,636 contracts; six times the 57,807 contracts of a year earlier.