October securities trading slows on penny stock saga

THE Singapore Exchange's (SGX) securities trading slowed in October in the wake of the penny stock saga and the Federal Reserve's non-taper decision.

But derivatives trading and clearing activities grew compared to a year ago, with open interest hitting a record high, reflecting the bourse's continued traction as a one-stop shop for global traders looking to invest in Asian equity futures, analysts said.

In the month of October, the total value of securities traded fell 6 per cent year-on-year to $24.…