SGX reports 2% MoM growth in Forex volumes in October 2015

Singapore Exchange Limited (SGX:S68) has earlier today posted its operating metrics for October 2015, with Forex volumes staging a decent rise in annual and monthly terms, underpinned by robust trading in INR/USD futures.

In October 2015, total FX Futures volume was 475,887 contracts, up 2% from the result recorded in September 2015 and up massive 410% from October 2014.

The volume of SGX INR/USD Futures, which traditionally account for the bulk of the Forex turnover, was 449,792 contracts in October 2015, up 6% from September 2015 and up 487% from October 2014 levels.

Below is the full data.

Securities

  • Total securities market turnover value grew 3% month on month and 6% year on year to $23.1 billion, during 22 trading days compared to 21 in October 2014.
  • Securities daily average value (SDAV) fell 7% month on month and increased 1% year on year to $1.0 billion.
  • Market turnover value of Exchange Traded Funds (ETFs) was $270 million, up 19% month on month and 30% year on year.
  • There were 22 new bond listings, raising $13 billion.
  • Total market capitalisation value of 769 listed companies stood at $930.6 billion as at end October 2015.

Derivatives

  • indian-rupee-symbolTotal Derivatives volume was 11.3 million, down 19% month on month and up 6% year on year.
  • Equity Index Futures volume was 9.7 million, down 20% month on month and flat year on year.
  • FTSE China A50 Index Futures remained the most active contract with volume of 4.6 million, down 21% month on month and up 46% year on year.
  • SGX CNX Nifty Index Futures volume was 1.6 million, down 12% month on month and up 2% year on year.
  • Nikkei 225 Index Futures volume was 1.8 million, down 35% month on month and 39% year on year.
  • MSCI India Index Futures volume was 65,490, up 16% month on month and up from 253 contracts a year earlier.
  • Total FX Futures volume was 475,887, up 2% month on month and 410% year on year.
  • SGX INR/USD Futures volume was 449,792, up 6% month on month and 487% year on year, and remained the key driver of total FX volume growth.
  • SGX USD/CNH Futures volume was 20,793, down 41% month on month and up 170% year on year.
  • Volume of OTC SGD Interest Rate Swaps was $7.5 billion, down 4% month on month and 85% year on year.

Commodities

  • SGX Commodities Derivatives volume was 772,829, down 20% month on month and up 83% year on year.
  • Iron Ore Derivatives volume was 686,456, down 22% month on month and up 107% year on year.
  • Forward Freight Derivatives volume was 27,649, down 17% month on month and up 387% year on year.
  • SICOM Rubber Futures volume, the world’s price benchmark for physical rubber, was 56,199, up 20% month on month and down 24% year on year.

You can view the full report by clicking here.

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