SGX Reports Market Statistics for May 2021

Singapore Exchange (SGX) today reported its market statistics for May 2021. 

Forexway Launched the First-of-its-kind Animated Videos on Forex Trading​

According to the press release, derivatives traded volume on SGX rose by 6 percent to 18.1 million contracts in May compared to the same period of 2020. SGX's suite of pan-Asia benchmark equity derivatives climbed 8 percent YoY to 13 million contracts. SGX FTSE China A50 Index Futures increased 13 percent YoY to 6.9 million while SGX FTSE Taiwan Index Futures, launched in July 2020, advanced 28 percent MoM to a four-month high of 1.8 million. SGX MSCI Singapore Index Futures added 24 percent YoY to over 1 million contracts.

Total foreign exchange (FX) traded volume on SGX increased by 2 percent to 2 million contracts in May compared to May 2020. China's economic rebound buoyed institutional demand to risk-manage the renminbi (RMB), with SGX USD/CNH Futures climbing 20 percent YoY to 869,101 contracts. Month-end open interest in the contract, the world's most widely traded international RMB futures, jumped almost 32 percent YoY to US$9.6 billion.

"A recovery in the Indian stock market boosted the rupee's performance through May, with month-end open interest in SGX INR/USD Futures reaching US$1.9 billion, a gain of 107% m-o-m and 3.9% y-o-y. During the month, SGX introduced its USD/INR (USD) Option contract, following a successful launch of the USD/INR (USD) Futures in November 2020. Both contracts are designed to meet the needs of OTC institutional participants. Separately, SGX USD/SGD (Full-Sized) Futures set a new monthly cumulative T-session volume record of 29,959 contracts or US$3 billion," SGX mentioned in the press release.

​Fazzaco recently reported that SGX has appointed Pol de Win as Senior Managing Director, Head of Global Sales and Origination (GSO), effective 1 July 2021.