SGX's 16.9% derivatives volume surge was a one-off event: analyst

Expect a more gradual improvement.

According to Phillip Securities, SGX will be announcing its 2Q13 results on 22 Jan 2013. Based on monthly statistics recently released by SGX, 2Q13’s SDAV decreased 9.0% q-q to S$1.214 billion, due to the few large transactions in 1Q13. DDAV surged in 2Q13, increasing 16.9% q-q to 0.359 million contracts.

Here's more from Phillip Securities:

We expect Securities Revenue to decrease q-q due to the lower SDAV. Derivatives revenue is however expected to increase due largely to the 75% q-q increase in FTSE China A50 Index Futures volume to 3.97 million contracts, and smaller but significant q-q increase in Nikkei 225 Index Futures and Options to 6.96 and 1.63 million contracts respectively.

Looking ahead, we expect SDAV to increase from the low base, due to a possible increase in attractive IPOs in 2013, and potential further market stimulus encouraging trading activities.

With a wide range of attractive offerings, we expect the volume of Derivative contracts to continue increasing. However, the q-q increase of 16.9% in Derivatives volume may not be repeated. A more gradual increase is expected.



More From Singapore Business Review
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.2562+0.0008+0.06%
    USDSGD=X
    1.7364+0.0017+0.10%
    EURSGD=X
    2.1087+0.0021+0.10%
    GBPSGD=X
    81.4226-0.2513-0.31%
    SGDJPY=X
    6.1725-0.0032-0.05%
    SGDHKD=X
    2.5981-0.003-0.12%
    SGDMYR=X
    9,258.6709-41.0137-0.44%
    SGDIDR=X
    4.9662-0.0025-0.05%
    SGDCNY=X
    1.1673+0.0013+0.12%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,287.10+2.50+0.19%
    GCM14.CMX
    19.46+0.02+0.11%
    SIK14.CMX
    92.88+1.82+2.00%
    ^XAU
    3.07+0.01+0.26%
    HGK14.CMX
    101.65+0.21+0.21%
    CLM14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.71-0.03
    ^FVX
    2.69-0.04
    ^TNX
    3.47-0.03
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.153+0.011+7.75%
    545.SI
    0.121-0.001-0.82%
    B22.SI
    0.152+0.008+5.56%
    C68.SI
    0.635+0.040+6.72%
    5WH.SI
    1.350.0000.00%
    G13.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    18.50+2.700+17.09%
    K6S.SI
    0.255+0.015+6.25%
    5KI.SI
    0.17+0.012+7.59%
    5PF.SI
    1.305+0.090+7.41%
    5DA.SI
    0.15+0.010+7.14%
    5GD.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.053-0.059-52.68%
    5TF.SI
    1.61-0.530-24.77%
    N02.SI
    0.123-0.008-6.11%
    S71.SI
    0.24-0.010-4.00%
    L6T.SI
    1.32-0.050-3.65%
    S35.SI