Strong growth in SGX derivatives & commodities business in September

Singapore

THE Singapore Exchange (SGX) on Friday reported that average daily value traded in securities plunged 34 per cent in September compared to last year, but business in derivatives was up 18 per cent from September last year, while the number of contracts cleared on its Asiaclear commodities clearing service was more than six times the number last September.

In a news release, the exchange said total value traded in securities for last month was S$21 billion, a one per cent increase over August.