The Singapore Exchange said in the official press release: Record foreign exchange (FX) trading activity drove derivatives volume, amid optimism on Asian economies and signs that the U.S. Federal Reserve will slow its pace of interest-rate hikes. Derivatives daily average volume (DAV) for the period decreased to 1.1 million contracts, registering an 8.3% fall compared…
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The September FX activity was led by a 36% MoM surge in SGX USD/CNH futures to 1.6 million. SGX INR/USD futures also jumped 25% MoM and 26% YoY to 1.63 million contracts. Derivatives daily average volume (DDAV) increased to 1.05 million contracts, registering a 14% rise compared to August 2022. The exchange also achieved a…
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SGX reported derivatives traded volume saw a marginal rise of 4% in August to 20.4 million contracts. Derivatives' daily average volume (DDAV) reached 921,170 contracts, registering a 2% increase compared to the same period last year. Securities growth Securities market turnover jumped to S$24.3 billion in August, a 35% rise compared to the previous month.…
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Loh Boon Chye, Chief Executive Officer of SGX Group, said: Our record-high revenue was driven by higher derivatives volumes across equities, currencies and commodities, as our global customers increasingly used our multi-asset platform to navigate market uncertainties. Forex Performance The Singapore Exchange further revealed that with the recent acquisition of MaxxTrader, together with BidFX, OTC…
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With extensive experience in the industry, Koh has served and chaired various listed and private companies globally, as well as in Singapore. Some of the companies he worked at include Agilent Technologies, DBS, Singapore Airlines, SingTel and Wuthelam Group. Koh said: I am honoured to have the opportunity to serve as Chairman of SGX Group,…
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SGX sees growth in securities turnover Securities market turnover value rose 21%MoM in March, reaching S$35.7 billion. This also lifted the turnover for the last three months, from January-to-March by 26% compared to previous quarter to S$91 billion. The bellwether Straits Times Index (STI) rose 5.1% in last month to 3,408.52. It was Asia-Pacific’s strongest…
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SGX said: There was reduced volatility in the renminbi (RMB) ahead of the Lunar New Year holidays, with the traded volume of SGX USD/CNH Futures declining in tandem. However, month-end open interest of the contract gained 12% m-o-m to more than US$11 billion, signaling its growing adoption as a hedging tool. The SGX contract is…
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SGX stated: FX market participants bolstered portfolio hedging on key Emerging Asia currencies. SGX INR/USD Futures traded volume rose 14% y-o-y in October to 1.3 million contracts as India’s energy and raw-material costs continued to climb, adding to inflationary concerns. China’s regulatory scrutiny of its technology industry showed signs of easing even as challenges in…
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DataBP’s platform supports the quick addition of new products and the scalability to enable the diversification of subscribers and vendor relationships. Joyce Tan, Head of Market Data Development & Delivery at SGX, said: Our partnership with DataBP and the inception of SGX Data Direct offers a direct online channel of engagement with our end-clients. It…
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Elsewhere, SGX said its commodity derivatives were the standout performer due to price swings and supply chain issues continuing to impact physical markets. The entire commodity derivative volume, including iron ore (which SGX says is a macroeconomic proxy for China), climbed 10% year-over-year to 2.6 million contracts. In addition, forward Freight agreements (FFA) volume surged…
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