Derivatives trading on SGX hits new highs in 2013

Trading of derivatives on the Singapore Exchange (SGX) reached a new record last year, with the total volume of derivatives traded rising 40 per cent to 112 million. -- ST FILE PHOTO: KUA CHEE SIONG
Trading of derivatives on the Singapore Exchange (SGX) reached a new record last year, with the total volume of derivatives traded rising 40 per cent to 112 million. -- ST FILE PHOTO: KUA CHEE SIONG

Trading of derivatives on the Singapore Exchange (SGX) reached a new record last year, with the total volume of derivatives traded rising 40 per cent to 112 million.

The daily average volume of derivatives traded also increased 40 per cent to 459,362 contracts, the SGX said in a filing on Monday.

The exchange also saw growth in clearing activities, while securities trading declined.

For the whole of 2013, the value of the companies listed on the bourse fell 0.6 per cent to $940 billion.

The SGX also said companies raised a total of $6.3 billion through issuing shares last year, up 40 per cent from the year before. But funds raised through bond issues fell 4 per cent to $176 billion.

The trading volume of SGX AsiaClear commodities almost doubled to 660,372 contracts, SGX said. Meanwhile, the volume of iron ore swaps, futures and options cleared also more than doubled to 590,648 contracts.

The bourse's turnover from exchange-traded funds tripled to $3.2 billion over the previous year.

On a total return basis, including dividends, the Straits Times Index was up 3.26 per cent in 2013.

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