SINGAPORE, Oct. 6 (Xinhua) -- Singapore Exchange (SGX) said Monday that both its derivatives and Exchange Traded Funds (ETF) markets set new trading records in September, due to growing customer awareness of the benefits in a volatile market.

    Its derivatives market saw record volumes for both the third quarter and the month of September. A record 17.4 million contracts were traded in the July-September quarter, a 17 percent increase over the contracts in the previous record set in the first quarter, said SGX in a statement.

    In September, a total of 6.5 million contracts were traded, nearly 11 percent higher than the previous record in July.

    On Exchange Traded Funds (ETF), total trading value was almost 323 million Singapore dollars (226 million U.S. dollars) in September, about 4 percent increase over the 311.3 million Singapore dollars previous record set in March.

    The value of SGX-listed ETFs traded continues to grow strongly, reaching 2.2 billion Singapore dollars in the first nine months of this year, 277 percent higher than the same period of last year.

    "The increase in value is largely due to active trading in the iShares MSCI India ETF, Lyxor India ETF (Nifty) and SPDR Gold Shares," said the statement.

    In terms of volume, a record 38.2 million shares were traded in September, 7 percent higher than the previous record of 35.7 million shares, also set in March.

    "The growth in value and volume of ETFs traded is due to growing customer awareness of the benefits that they offer, especially in a volatile market," said Andrew Ler, SGX senior vice president and head of private investors, in the statement.