Derivatives trading on SGX rises in August but total securities turnover falls

The total volume of derivatives traded on the Singapore Exchange (SGX) continued to rise last month from a year ago, even as total securities turnover dropped.

Futures and options contracts traded in August rose 32 per cent over a year ago to 8.6 million, the bourse operator said on Wednesday.

But the total value of securities traded slipped 8 per cent on-year to $27.3 billion. On a daily basis, the average value of securities traded dropped by a smaller 4 per cent to $1.4 billion due to one fewer trading day in August compared with the previous year.

Turnover on the SGX's Catalist board jumped five times in August from a year ago to $1.4 billion, the SGX said.

Funds raised from bond listings however fell 52 per cent in the period to $5.5 billion, with a $1 billion bond issue by Baidu topping the charts.

SGX also said a total of $6.5 billion notional of new over-the-counter financial derivatives transactions were cleared, a drop of 19 per cent from a year earlier.