SGX's FX Futures Trading Volume Surges 43% YoY in December 2022

Singapore Exchange (SGX Group) today released its market statistics for December 2022, showing that continued rise in risk management activities drove derivatives volume growth in FX and Commodities.  

Derivatives daily average volume (DDAV) in December rose 8% year-on-year (y-o-y), capping the October-to-December quarter with a 19% rise to 1.1 million contracts. Total derivatives traded volume for the quarter across equity, foreign exchange and commodities grew 18% y-o-y to 65.5 million contracts.

SGX FX, Asia's leading FX marketplace, continued its strong performance with total FX futures volume in December expanding by 43% y-o-y to 2.8 million contracts, lifting the October-to-December quarter up 65% to 10.0 million contracts.

SGX Commodities continued its strong performance with a 12% y-o-y volume increase in December to 2.9 million contracts and 39% growth in the October-to-December quarter with 9.4 million contracts.

Securities daily average value (SDAV) grew 10% y-o-y in December, while total securities market turnover value was flat. In line with the global trend of increasing investor appetite for ETFs, SGX Securities saw ETF market turnover value increase 29% to S$411 million, the highest since April 2022.