The Singapore Exchange (SGX) has reported significant growth in derivatives and exchange-trade fund (ETF) trading, driven largely by the success of Chinese and Indian index futures.
According to SGX's own figures, trading of the SGX S&P CNX Nifty index future, a contract based on the 50 leading Indian stocks listed on the National Stock Exchange, increased by 42% during 2010, reaching a high of 1.19 million contracts in November.
Trading of the FTSE China A50 index started strongly in 2011, with 214,648 contracts traded in January, 62% higher than December's total of 132,478 contracts.
The exchange's January 2011 figures also revealed that trading of ETFs more than doubled to S$789 million year-on-year.
Meanwhile overall derivatives volume was 5.1 million contracts, up 2% from the previous year, with an average daily volume of 260,233 contracts, while total options volume was 11,486, more than six times that of a year earlier.
SGX also showed growth in its clearing business, with AsiaClear volume in January 2011 up 42% year on year to 16,765 contracts.
SGX recently set a launch date for its new trading platform, SGX Reach, which is expected to go live on 15 August 2011. The venue claims its new engine will be one hundred times faster than the current platform.