Singapore Exchange Limited (SGX) is pleased to announce today that both its derivatives and Exchange Traded Funds (ETF) markets set new trading records in September 2008.
SGX’s derivatives market saw record volumes for both the July-September 2008 quarter and the month of September 2008, while SGX-listed ETFs set records for both the value and volume traded in September.
“We are pleased that customers are finding value in using our market access products, including futures contracts and ETFs. In particular, SGX has both futures contracts and ETFs traded on indices covering the Singapore, India and Taiwan markets, offering further trading opportunities. Our products enable investors to capitalise on investment opportunities and actively manage risks, even in challenging markets,” said Chew Sutat, SGX executive vice president & head of Market Development, Derivatives market
A record 17,369,505 contracts were traded in the July-September 2008 quarter, a 17% increase over the 14,831,554 contracts in the previous record set in the quarter of January-March 2008.
For the month of September, a total of 6,483,272 contracts were traded. This is nearly 11% higher than the previous record of 5,842,187 contracts traded in July 2008, and a 68% increase over the 3,854,634 million contracts traded in September 2007.
Also in September 2008, the yen-denominated SGX Nikkei 225 Index Futures contract reached a new monthly record of 3,064,898 contracts traded – surpassing by 18% the previous record of 2,603,567 contracts set in August 2007.
In fact, the total volume of 46,619,152 contracts traded in the futures and options market in the first nine months of 2008 has already exceeded the total volume for the full year of 2007. SGX’s key Asian equity derivatives registered particularly strong performances, as shown in the table below:
Futures Jan-Sept 2008 Jan-Sept 2007 Increase
Nikkei 225 18,480,556 16,373,365 13%
MSCI Taiwan 12,850,950 9,753,680 32%
MSCI Singapore 3,573,082 2,884,142 24%
CNX Nifty 10,277,888 139,380 727 4%