SGX Group Posts 31% Yearly Jump in August FX Futures Volume

Singapore Exchange (SGX Group) released its market statistics for August 2022. Increased risk-management activity drove derivatives volume amid ongoing uncertainty. Securities market turnover value gained on month-end rebalancing by institutions.

Derivatives traded volume across multiple asset classes rose 4% year-on-year (y-o-y) in August to 20.4 million contracts, while derivatives daily average volume (DDAV) climbed 2% y-o-y to 921,170 contracts.

Total foreign exchange (FX) futures traded volume increased 31% y-o-y to 2.6 million contracts, led by a 45% y-o-y jump in SGX USD/CNH futures to 1.2 million. SGX INR/USD futures volume climbed 17% y-o-y to 1.3 million contracts amid volatility in the Indian rupee.

The volume of SGX FTSE China A50 Index Futures— the world's most liquid international contract for Chinese equities—rose 2% month-on-month (m-o-m) to 8 million contracts, bringing total equity index futures volume on SGX Equity Derivatives to 13.8 million contracts.

On SGX Commodities, total screen volume rose to a record 1.1 million lots in August as adoption grew from an expanding pool of financial participants. Total commodity derivatives volume gained 29% y-o-y to 3.3 million contracts.

Securities market turnover value on SGX Securities climbed 35% m-o-m to S$24.3 billion in August, while securities daily average value (SDAV) rose 23% m-o-m to S$1.1 billion. The market turnover value of structured warrants and daily leverage certificates (DLC) gained 16% m-o-m to S$608 million.