October securities trading slows on penny stock saga
Derivatives trading and clearing activities grow year on year
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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 $24.7 billion, while the daily average value traded declined a similar 6 per cent to $1.1 billion.
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