SGX Sees Significant Rise in FX Volume in October 2021

Singapore Exchange (SGX) has released its market statistics for October 2021. The exchange saw significant growth in FX volumes after the SGX USD/CNH Futures and SGX INR/USD Futures rose substantially in the last month.

According to the press release, SGX INR/USD Futures rose 14 percent Y-o-Y to 1.3 million contracts and SGX USD/CNH Futures stood at 790,720 contracts, which was up 7 percent compared to the same period in 2020.

In addition to a jump in FX volumes, SGX FTSE China A50 Index Futures traded volume rose 23 percent Y-o-Y to 7.3 million contracts. SGX Nifty 50 Index Futures traded volume also increased 13 percent Y-o-Y in October to 2.3 million contracts.

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In terms of the ETF participation, the exchange stated in the press release, "The market turnover value of exchange-traded funds (ETF) on SGX climbed 30% y-o-y in October to S$473 million, the highest in three months. There was strong participation across retail and institutional client segments, as well as record turnover for the iShares USD Asia High Yield Bond ETF on the back of S$1 billion of inflows." 

As Fazzaco recently reported, DataBP, the market data administration platform and service provider for exchanges, index and data providers, has announced its partnership with SGX​. SGX will join a community of exchanges that are leveraging DataBP's platform and managed services to modernize and streamline the administration of market data.