SGX Volume up 11%

Singapore's premier bourse has surprisingly had a positive August, the Securities and derivatives trading volumes in the Singapore Exchange (SGX) grew in August from a month earlier, but decreased from a year ago.

Turnover for securities was up 11 per cent in August, but the daily average value dropped 29 per cent from the same period last year to S$29.4 billion.

Compared with July, the daily average value was up 16 per cent to S$1.4billion.

Derivatives trading volume, however, fell 20 per cent to 6.5 million contracts from the same period last year, but was up 12 per cent month-on-month.

Meanwhile, derivatives daily average volume rose 8 per cent from July to 292,558 contracts.

On the commodities front, SGX said SICOM rubber futures volume rose 9 per cent from a year earlier to 20,052 contracts.

AsiaClear volume was up 76 per cent from a year earlier to 38,483 contracts.

OTC iron ore Swaps Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Read this Term volume hit a record high for the second straight month, more than tripling from a year earlier to 29,763 contracts. Volume was 42 per cent higher from July.

The SGX was involved in merger talks with Australia's ASIC, potentially creating one of the largest exchanges in Asia-Pacific valued at $14 billion.

Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates research team have written a detailed report on the state of FX in Singapore, FXCM had recently withdrawn from the market and passed on clients to a local broker. The report is available in the Q1 quarterly report.