Singapore Exchange (SGX) reported Thursday its derivatives traded volume in December rose 5 percent on-year to 19.3 million contracts, a three-month high.
“Risk-management demand drove volume gains across equity and commodity derivatives, amid cautious optimism that the global economic recovery remained on track,” SGX said in a press release filed to the exchange.
Equity index futures volume increased 7 percent on-year in December, led by a 22 percent increase in SGX FTSE China A50 Index Futures and a 20 percent on-year rise in SGX MSCI Singapore Index futures, SGX said.
Commodity derivatives volume rose 8 percent on-year in December to 2.6 million contracts as physical bulk trading activity rebounded and on strong growth in freight derivatives, SGX said.
The benchmark iron ore derivatives rose 8 percent on-year and forward freight agreement (FFA) contracts climbed 47 percent on-year in December, SGX said.