SGX Reports Derivatives Trading Volume Surge in June 2021

Singapore Exchange (SGX) today reported its market statistics for the month of June. The exchange saw a jump in the derivatives total traded volume as the contracts increased 5% on a month-to-month basis to 18.9 million, the highest in three months.

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According to the official announcement, SGX's total foreign exchange (FX) futures traded volume climbed 17% m-o-m in June to 2.4 million contracts, which was led by a 25% jump in INR/USD Futures to 1.3 million contracts.

SGX saw a 10% jump on the volume of USD/CNH Futures compared to last month, and a 13% jump compared to the same period in 2020. Further, SGX USD/SGD full-sized futures volume reached 38,357 contracts, notching another monthly record high.

Open interest in several FX contracts on SGX achieved daily record highs during the month, reflecting strong institutional demand to manage currency risk in Asia's key economies. Open interest in SGX INR/USD Futures hit 138,207 lots or US$3.72 billion on 24 June, while SGX USD/CNH Futures reached US$10.8 billion on 10 June.

During the month, SGX launched the SGX Nikkei ESG-REIT Index Futures – the world's first ESG REIT derivatives. A thrust of the SGX FIRST sustainability platform, the contract is designed to meet growing demand for integrating environment, social and governance (ESG) considerations into investment portfolios.