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An average of S$1.8 billion ($1.4 billion) worth of securities were traded every day last month, up 4 percent from a year earlier, SGX said. However, it added that turnover of exchange traded funds declined 17 percent to S$518 million from a year earlier. Trading in the derivatives and commodities markets also grew in February. Daily average volume for derivatives was up 22 percent at 323,058 contracts compared to January and 8 percent higher year-on-year. The volume of OTC commodity contracts cleared was flat at 24,659 contracts from a month earlier and 58 percent higher year-on-year.