Monetary Authority of Singapore Annual Report 2012/2013

A PURPOSEFUL FINANCIAL CENTRE

Anchor and Grow the Core Industry Pillars of Singapore’s Financial Centre: Foreign Exchange and Derivatives Markets, Corporate Debt Market, Asian Dollar Market, Asset Management, Infrastructure Finance

Foreign Exchange (FX)

Singapore’s FX market registered slight growth with total average daily trading volume in October 2012 at US$361 billion according to the biannual Singapore Foreign Exchange Market Committee (SFEMC) survey results. This was a 2.6% increase from April 2012 volumes.

Trading of listed financial and commodity derivatives on domestic platforms, such as Singapore Exchange (SGX), Singapore Mercantile Exchange (SMX) and Cleartrade Exchange, continued to register stable growth. In particular, the number of futures and options traded on SGX in 2012 increased 16% y-o-y to hit a new high of 76 million contracts, boosted by record growth of its flagship China A50 futures contract.