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This was 13.6% lower m-o-m from August’s turnover value of $28.15 billion, and 23% higher y-o-y compared to September 2019, which had 21 days.
During the month, securities daily average value (SDAV) climbed 18% y-o-y to $1.11 billion, although it represented a 21.5% drop m-o-m from August’s $1.41 billion.
Securities average clearing fee for the quarter was 2.74 basis points, an increase from 2.60 basis points a year ago due to a greater spread of participation by different market segments.
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The market turnover value of exchange-traded funds (ETF) jumped 114% y-o-y to $325 million.
The amount brings the total for third quarter to $1.2 billion, up 110% y-o-y.
Foreign exchange (FX) futures volume saw strong gains m-o-m, which reflects heightened portfolio-hedging activity, according to SGX.
See also: SGX sees record year for commodities, highest cash SDAV in four years in June market statistics
Total traded volume rose 26% in September to 2.2 million contracts, the highest in six months.
SGX INR/USD Futures traded volume climbed 36% to 1.4 million, while SGX USD/CNH Futures increased 10% to 803,494 contracts.
Trading in the SPDR STI ETF and Nikko AM STI ETF surged 183% y-o-y to $793 million in 3Q2020. For the 9M2020, the $807 million in combined net creations for the two ETFs was up 359% from FY2019.
The ICBC CSOP FTSE Chinese Government Bond Index ETF – which was listed on SGX in September – was the third most-actively traded ETF in terms of daily turnover in the month alone.
Total equity index futures traded volume on SGX climbed 9% y-o-y in September to 15.4 million contracts.
For the third quarter, equity index futures volume rose almost 12% y-o-y to 49.7 million contracts.
The new SGX FTSE Taiwan Index Futures, which was launched in July, recorded a daily trading average of about 32,000 contracts or US$1.4 billion ($1.89 billion), with open interest of US$458 million.
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Commodity derivatives traded volume on SGX rose 18% y-o-y in September to 2.1 million contracts.
SGX’s bellwether iron ore derivatives climbed 18% y-o-y to 1.8 million, while forward freight agreements (FFA) gained 20% y-o-y to 83,402 contracts.
Overall, derivatives traded volume on SGX rose 5% y-o-y in September to 20.4 million contracts.
For July to September, the 63.9 million total was up 3.3% over the same period in 2019.
Shares in SGX closed 3 cents higher, or 0.3% up, at $9.10 on Oct 12.
