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Trading of commodity derivatives on SGX rises 4% on month in October

publisherELLA

time2016/11/14

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Trading activity for commodity derivatives on the Singapore Exchange rose 4.04% month on month in October to 1.22 million transactions, SGX data showed Thursday. 

Swaps trades cleared through the SGX's AsiaClear platform surged 56.2% from September to 17,433, largely driven by higher volumes in iron ore. 

Cleared futures trades over the same period edged down 4.9% to 839,376, while cleared options rose 40.8% to 212,974.

On a segment basis, metal derivatives trading climbed 3.3% to 1,030,308 transactions. Trading in metal derivatives typically sees the most liquidity among commodity derivatives traded on SGX. 

While iron ore accounted for the bulk of the transactions, coking coal futures registered its first transaction since May, racking up 140 trades. 

Trading of freight contracts, meanwhile, fell 17.2% month on month to 37,909 trades in October, while liquidity in rubber derivatives rose 17.9% over the same period to 148,845 trades. 

Liquidity in the petrochemical derivatives sector notched the steepest declines, falling 59.6% to 118. 

Energy derivative trades inched up 17% to 1,248, while electricity derivative trades more than tripled, rising 270.4% to 200. 

SGX offers derivative instruments for trade through futures, swaps and options and facilitates commodity derivatives clearing on its AsiaClear platform.

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