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.



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  • Currencies
    Currencies
    NamePriceChange% Chg
    1.37110.000.00%
    USDSGD=X
    1.4913+0.0005+0.04%
    EURSGD=X
    2.0364+0.001+0.05%
    GBPSGD=X
    87.0189+0.0459+0.05%
    SGDJPY=X
    5.6555-0.0004-0.01%
    SGDHKD=X
    2.6751+0.0001+0.01%
    SGDMYR=X
    9,528.0479+25.8574+0.27%
    SGDIDR=X
    4.5288-0.001-0.02%
    SGDCNY=X
    1.0684-0.0044-0.41%
    AUDSGD=X
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    Commodities
    NamePriceChange% Chg
    1,200.10-4.70-0.39%
    GCJ15.CMX
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    SIK15.CMX
    68.39-1.10-1.58%
    ^XAU
    2.79-0.02-0.87%
    HGK15.CMX
    51.05-0.38-0.74%
    CLK15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
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    ^FVX
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    ^TNX
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MARKET MOVERS

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    Most Actives
    NamePriceChange% Chg
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    E5H.SI
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    N21.SI
    0.315+0.025+8.62%
    T4B.SI
    1.090.00-0.46%
    5ME.SI
    0.5350.0000.00%
    UD2.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.315+0.025+8.62%
    T4B.SI
    0.132+0.007+5.60%
    40E.SI
    0.40+0.02+5.26%
    5NF.SI
    0.127+0.007+5.83%
    F13.SI
    0.124+0.002+1.64%
    594.SI
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    0.22-0.02-6.38%
    5RE.SI
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    U09.SI
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    5TG.SI
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    Q7W.SI
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    E3B.SI