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SGX Sees FX Trading Volume 27% Jump in March 2021

Singapore Exchange (SGX) today released its market statistics for March 2021. The exchange saw a significant jump in total securities market turnover for the last month as the securities market turnover touched S$38.7 billion, which is a 50 percent increase compared to the previous month. According to the press release, Forex trading volume on SGX for the month of March stood at 2.9 million contracts compared to February's 2.3 million contracts, a month-on-month rise of 27 percent. For Q1 2021, the total Forex volume rose by 20 percent quarter-on-quarter to 7.3 million contracts.