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Source:
www.mas.gov.sg |
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Singapore's Treasury Market Turnover Increases for
the Fifth Consecutive Year |
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For the fifth year in a row, average daily
trading volumes of treasury activities in Singapore have risen, reaching
a high of US$204 billion in 2004, a 21% increase over 2003. |
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This is the largest increase experienced by
Singapore's treasury market since 2000, according to the Monetary
Authority of Singapore's (MAS) Survey of Singapore Treasury Activities
2004. |
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Foreign exchange trading activity continued
to be a key growth area in Singapore's treasury market, with average
daily trading volumes increasing by 30% in 2004 to reach a seven year
high of US$154.9 billion. |
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Treasury revenues also grew in tandem,
reaching a high of S$5.4 billion. |
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In line with the robust performance in the
industry, the number of treasury professionals increased by 5.5%, from
3,840 in 2003 to 4,051 in 2004. |
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Said Mr Lee Chuan Teck, Executive Director,
Financial Markets Strategy Department, MAS, "The positive results of the
Survey reflect the surge in global treasury activities and underpin
Singapore's position as the leading treasury centre in Asia. Banks are
hiring more treasury professionals, particularly in new growth areas,
such as equity derivatives and commodities." |
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2004 Survey of Singapore Treasury Activities |
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Source:
www.mas.gov.sg Press Release 11 Oct 2005 |
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