SGX registers 8% MoM drop in FX futures volumes in December 2015

Maria Nikolova
January 7, 2016 11:52 am

Singapore Exchange Limited (SGX:S68) today announced its operating metrics for December 2015, with Forex volumes staging a further drop in monthly terms, continuing a trend already observed in November 2015.

Although SGX reported record yuan trading volumes for the last month of 2015, the overall FX futures volumes fell. This apparently reflects a month-on-month decrease in Indian rupee trading volumes, which usually account for the biggest part of the FX futures turnover at the Exchange.

In December 2015, the FX futures volume at SGX was 425,188 contracts, down 8% month on month and up 133% year on year.

SGX INR/USD Futures volume was 366,372 contracts, down 14% from November 2015 and up 116% from December 2014.

You can view the full data below.

Securities

  • Total Securities market turnover value fell 12% month on month and fell 21% year on year to S$17.0 billion, during 22 trading days compared to 20 in November and 22 in December 2014.
  • Securities daily average value (SDAV) fell 20% month on month and fell 21% year on year to S$774 million.
  • Market turnover value of Exchange Traded Funds (ETFs) was S$176 million, up 11% month on month and down 20% year on year.
  • There was 1 new Mainboard listing, raising S$276 million.
  • There were 20 new bond listings, raising S$9.3 billion.
  • Total market capitalisation value of 769 listed companies stood at S$904.8 billion as at end December 2015.

Derivatives

  • chinese yuan convertibilityTotal Derivatives volume was 14.4 million, up 6% month on month and down 17% year on year.
  • Equity Index Futures volume was 12.2 million, up 5% month on month and down 23% year on year.
  • FTSE China A50 Index Futures remained the most active contract with volume of 6.4 million, down 2% month on month and down 33% year on year.
  • SGX Nifty 50 Index Futures volume was 1.6 million, up 6% month on month and down 4% year on year.
  • Nikkei 225 Index Futures volume was 2.3 million, up 46% month on month and down 22% year on year.
  • MSCI India Index Futures volume was 54,405 down 11% month on month and up from 89 contracts a year earlier.
  • Total FX Futures volume was 425,188, down 8% month on month and up 133% year on year.
  • SGX INR/USD Futures volume was 366,372, down 14% month on month and up 116% year on year.
  • SGX USD/CNH Futures volume was 51,702, up 47% month on month and up from 9,549 contracts a year earlier.
  • Volume of cleared OTC SGD Interest Rate Swaps was S$6.2 billion, down 8% month on month and up 117% year on year.

Commodities

  • SGX Commodities Derivatives volume was 1.1 million, up 8% month on month and up 163% year on year.
  • Iron Ore Derivatives volume was 988,532, up 12% month on month and up 181% year on year.
  • Forward Freight Derivatives volume was 29,654, down 31% month on month and up from 3,503 contracts a year earlier.
  • SICOM Rubber Futures volume, the world’s price benchmark for physical rubber, was 51,887, down 8% month on month and up 22% year on year.

You can view the full report from SGX by clicking here.

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