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Posts Tagged ‘derivatives’

SGX securities and derivatives volumes increased y-o-y

December 2nd, 2010 | No Comments

Singapore Exchange (SGX) says its securities and derivatives volumes have increased in November compared to a year ago, as Singapore and regional economies rebounded.

Securities Market

Total market turnover at $40 billion for November, up 46% year-on-year, with an SDAV of $2 billion.
Total turnover on GlobalQuote including American Depository Receipts rose to $819 million, up 19% from October and a significant increase from last year.

Derivatives and Commodities Markets

The derivatives market volume increased 22% from last year to 5.4 million contracts. It traded an average daily volume of 264,929, up 18% year-on-year.
The FTSE Xinhua ChinaA50 Index futures set its third straight record-high monthly volume with 203,351 contracts traded (US$4 billion notional) and open interest of 20,995 contracts (US$0.4 billion notional).
AsiaClear open interest rose 20% year-on-year to 20,760. In particular, open interest for OTC energy swaps went up 83%.
SICOM volume continues to grow, at 192% year-on-year.

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Singaporeâ€™s SGX launches clearing of OTC derivatives

November 15th, 2010 | No Comments

Singapore Exchange (SGXL.SI), Asia’s second-largest listed bourse operator, said on Monday it has begun its new clearing service for over-the-counter (OTC) traded financial derivatives, starting with interest rate swaps.

SGX +0.4%; OTC derivatives clearing not priced in

September 21st, 2010 | No Comments

Singapore Exchange (S68.SG) +0.4% at $8.46, drawing strength from broader market’s advance, but light volume suggests investors yet to warm up to bourse operator’s move to clear over-the-counter trades in financial derivatives from next month, according to Dow Jones.

SGX sees continued growth in derivatives trading and OTC clearing

September 2nd, 2010 | No Comments

Singapore Exchange (SGX) today said its derivatives trading and OTC clearing businesses grew steadily in August 2010.

Securities trading remains healthy month-on-month. Daily average value traded for August was $1.5 billion, 10% higher than in July.

Overall derivatives trading volume grew 19% year-on-year to 5.3 million contracts.

Overall options trading volume increased year-on-year to 24,000 contracts, as compared to 3000 contracts a year ago.

AsiaClear achieved 132% increase year-on-year with close to 17,000 contracts cleared.

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SGX seeks to widen participation in clearing of OTC financial derivatives

August 6th, 2010 | No Comments

Singapore Exchange (SGX) is seeking public feedback on its proposal to extend its Central Counterparty Clearing Services for Over-the-Counter Traded Financial Derivative (OTCF) contracts to participation from non-bank financial institutions.

On April 21, SGX made a proposal to allow Bank Clearing Members (BCMs) to participate in the clearing of OTCF contracts through SGX-DC. SGX is now proposing to admit non-bank financial institutions as General Clearing Members (GCMs) to clear their proprietary positions in similar contracts.

The admission of GCMs to clear OTCF contracts is subject to the following additional requirements:

SGX commodities and derivatives activity grows in July

August 3rd, 2010 | No Comments

Singapore Exchange (SGX) said today that derivative and commodities trading grew in July.

Securities Market
Securities daily average trading value picked up into the new financial year, up 16% in July from a month earlier. Exchange traded funds were active, with trading value up 86% from a year earlier.

SGX says commodities and derivatives activity grew in June

July 2nd, 2010 | No Comments

Singapore Exchange (SGX) said today that its commodities and clearing businesses continued to enjoy strong growth in June.

Securities trading saw a slower month in June. Securities daily average value was S$1.2 billion, down 26% year on year.

Exchange traded funds were active as June trading rose 38% on year to $473 million.

OCBC exits rupee, won derivatives as â€˜risk aversionâ€™ spurs loss

May 18th, 2010 | No Comments

Oversea-Chinese Banking Corp. has scrapped recommendations that investors use derivatives to buy India’s rupee and South Korea’s won after the currencies slid in the spot market amid “heightened risk aversion”.

Are Interest Rate Derivatives a Ticking Time Bomb?

April 22nd, 2010 | No Comments

Derivatives are the world’s largest market, dwarfing the size of the bond market and world’s real economy.The derivatives market is currently at around $600 trillion or so (in gross notional value).In contrast, the size of the worldwide bond market (to…

SGX aims to clear OTC financial derivatives contracts

April 21st, 2010 | No Comments

Singapore Exchange (SGXL.SI), Asia’s second largest listed bourse operator, proposed on Wednesday amendments to its clearing rules to facilitate the settlement of new derivative contracts.

â€œWho Would Not Want the Transparency [for Derivatives]? The Only Parties that Benefit from a Lack of Transparency are Wall Street Dealers.â€

April 18th, 2010 | No Comments

There is a huge fight going on right now over whether or not derivatives will be made more transparent.While this is being portrayed as a partisan battle, it is really a battle between the big banks and everyone else. Indeed, the guy in charge of regu…

Singapore bourse to extend derivatives trading hours

January 8th, 2010 | No Comments

Singapore Exchange (SGX)(SGXL.SI) said on Friday it will extend its derivatives trading hours for contracts such as Nikkei 225 and S&P CNX Nifty (India) by about an hour from next week.

Princeton Economist and Computer Scientists Show that Derivatives Are Inherently Vulnerable to Fraud

December 24th, 2009 | No Comments

As I have previously noted, credit default swaps are destabilizing for the economy. And the models used to evaluate financial instruments – such as the Gaussian copula formula for CDOs – are inherently flawed.Now, Princeton University economists and co…

SGX successfully launches new derivatives clearing system

December 8th, 2009 | No Comments

Singapore Exchange (SGX) has successfully launched its new clearing system, SGXClear, on Dec 7.

The new clearing system, which is powered by Nasdaq OMX technology, has enhanced capabilities in terms of speed and functionality, and increased capacity to support significant growth in the derivatives business. This platform will also help SGX to clear more complex and diverse products.

Woman Who Invented Credit Default Swaps is One of the Key Architects of Carbon Derivatives, Which Would Be at the Very CENTER of Cap and Trade

December 8th, 2009 | No Comments

As I have previously shown, speculative derivatives (especially credit default swaps or “CDS”) are a primary cause of the economic crisis. They were largely responsible for bringing down Bear Stearns, AIG (and see this), WaMu and other mammoth corpora…

New Derivatives Legislation “Was Probably Written by JPMorgan and Goldman Sachs”

November 14th, 2009 | No Comments

As I have repeatedly written (see this and this), the new derivatives legislation is so bad that it probably increases – rather than decreases – the risk to the financial system.William Greider has a great piece in The Nation pointing out: Who drafted…

Senator Cantwell: Congress WEAKENING Existing Derivatives Regulations

October 16th, 2009 | No Comments

Senator Cantwell said this today about the new derivatives legislation passed by the Financial Services Committee: The shenanigans just began here in Washington.What is moving through on the House side is a bill that supposedly has a new rule, but has…

Congress Removes Authority to Ban Riskiest Derivatives Trades Because “There Was Concern That A Broad Grant To Ban Abusive Swaps Would Be UNSETTLINGâ€

October 14th, 2009 | No Comments

According to Bloomberg, the original draft of Barney Frank’s derivatives legislation: would have given the Securities and Exchange Commission and Commodity Futures Trading Commission joint authority to â€œprohibit transactions in any swapâ€ that they…

China Has Already Walked Away from Derivatives Contracts

October 6th, 2009 | No Comments

You’ve probably heard that China has threatened to walk away from certain commodity derivatives contracts. As Reuters reported in August:A report that Chinese state-owned companies will be allowed to walk away fromloss-making commodity derivative trade…

Expert on Structured Finance and Derivatives: Rampant Fraud and Ponzi Scheme Caused Crisis

October 4th, 2009 | No Comments

Janet Tavakoli is one of the foremost experts on structured finance and derivatives.Tavakoli made an outstanding presentation to the IMF last week on the fraud which led to the financial crisis.Tavakoli was kind enough to send me a summary of the IMF p…

Posts Tagged ‘derivatives’

SGX securities and derivatives volumes increased y-o-y

Singaporeâ€™s SGX launches clearing of OTC derivatives

SGX +0.4%; OTC derivatives clearing not priced in

SGX sees continued growth in derivatives trading and OTC clearing

SGX seeks to widen participation in clearing of OTC financial derivatives

SGX commodities and derivatives activity grows in July

SGX says commodities and derivatives activity grew in June

OCBC exits rupee, won derivatives as â€˜risk aversionâ€™ spurs loss

Are Interest Rate Derivatives a Ticking Time Bomb?

SGX aims to clear OTC financial derivatives contracts

â€œWho Would Not Want the Transparency [for Derivatives]? The Only Parties that Benefit from a Lack of Transparency are Wall Street Dealers.â€

Singapore bourse to extend derivatives trading hours

Princeton Economist and Computer Scientists Show that Derivatives Are Inherently Vulnerable to Fraud

SGX successfully launches new derivatives clearing system

Woman Who Invented Credit Default Swaps is One of the Key Architects of Carbon Derivatives, Which Would Be at the Very CENTER of Cap and Trade

New Derivatives Legislation “Was Probably Written by JPMorgan and Goldman Sachs”

Senator Cantwell: Congress WEAKENING Existing Derivatives Regulations

Congress Removes Authority to Ban Riskiest Derivatives Trades Because “There Was Concern That A Broad Grant To Ban Abusive Swaps Would Be UNSETTLINGâ€

China Has Already Walked Away from Derivatives Contracts

Expert on Structured Finance and Derivatives: Rampant Fraud and Ponzi Scheme Caused Crisis

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