Commodity derivatives trading on the Singapore Exchange in March increased 34.66% month on month to 2 million transactions, SGX data on Monday showed.
A contributing factor in the increase was a rise in the cleared futures volumes, which surged 48.74% month on month to 1.6 million contracts in March from 1.1 million contracts in February.
The increase was supported by a 48.82% rise in iron ore futures contracts, which rose from 1.03 million contracts in February to 1.53 million contracts in March.
Swaps trades cleared through SGX's AsiaClear platform also increased 71.4% month on month to 15,246 contracts in March from 8,896 contracts in February.
Cleared options volume, on the other hand, declined marginally by 0.2% month on month to 278,688 contracts in March from 279,205 contracts in February.
Metal derivatives trading was up 39.21% month on month at 1.84 million trades in March from 1.32 million trades in February.
Trading in metal derivatives typically sees maximum liquidity among commodity derivatives traded on the SGX.
Liquidity in electricity derivatives trading was at 340 transactions in March, rising 81.82% from 187 transactions in February.
Liquidity in petrochemical derivatives declined 47.30% to 586 transactions in March from 1,112 transactions in February.
The traded volume of freight contracts was up 27.98% month on month at 46,276 trades in March, while that of rubber derivatives edged down 11.66% month on month to 17,705 trades in March.
SGX offers derivative instruments for trade through futures, swaps and options, and facilitates commodity derivatives clearing on its AsiaClear platform.
