Singapore Exchange’s SBL programme totals $20.3 million
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Singapore Exchange’s SBL programme totals $20.3 million 06 June 2012Singapore Reporter: Georgina Lavers
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Daily average outstanding loans under the securities borrowing and lending programme at the Singapore Exchange (SGX) totalled $20.29 million (S$26.1 million), up 31 percent from a year earlier. The total volume transferred for SBL increased 113 percent in May from April.
Singapore Exchange (SGX) also found the volume of its derivatives business and OTC clearing continued to see growth in May.
Securities daily average value (SDAV) fell 20 percent year-on-year and 0.5 percent month-on-month. However, the total number of securities trades went up to 3.9 billion in May, a 34 percent annual increase and 8.5 percent monthly increase.
Derivatives volume rose almost 40 percent year-on-year to 6.9 million contracts, and daily average volume grew 31 percent to 320,715 contracts.
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