SGX's FX Futures Trading Volume Surges 49% YoY in October 2022

Singapore Exchange (SGX Group) today released its market statistics for October 2022. Derivatives volume across multiple asset classes climbed to new highs amid increased trading activity by global institutions.

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Derivatives daily average volume (DAV) gained 23% year-on-year (y-o-y) in October to 1.2 million contracts, the highest since March 2020. Total derivatives traded volume across equity, foreign exchange (FX) and commodities was up 21% y-o-y at about 22 million contracts.

The SGX Equity Derivatives suite of Asian benchmark index futures saw robust activity in October, as volume rose 15% y-o-y to 15.3 million contracts.

Total FX futures volume surged 49% y-o-y in October to 3.3 million contracts, with SGX INR/USD Futures volume up 17% y-o-y at 1.5 million contracts. Total securities market turnover value was down 10% m-o-m in October at S$23.1 billion, while securities daily average value (SDAV) slid 1% m-o-m to about S$1.2 billion.

Total securities market turnover value was down 10% m-o-m in October at S$23.1 billion, while securities daily average value (SDAV) slid 1% m-o-m to about S$1.2 billion.