October securities trading slows on penny stock saga

Derivatives trading and clearing activities grow year on year

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...

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