SGX Group Reports Market Statistics For March 2022

1 month ago 13
  • Derivatives DAV hits two-year high on gains across multiple asset classes 
  • Securities turnover rises as STI becomes Asia-Pacific’s strongest performing stock benchmark 

Singapore Exchange (SGX Group) today released its market statistics for March 2022. Gains in derivatives volume drove performance for the first three months of 2022. Securities turnover rose as Singapore’s stock benchmark returned over 9% for the quarter, the strongest in Asia-Pacific. 

Derivatives daily average volume (DAV) increased to 1.2 million contracts in March – the highest in two years – as total traded volume climbed 42% month-on-month (m-o-m) to 26.3 million contracts. This lifted derivatives volume for the January-to-March quarter to 64.9 million contracts, up 17% quarter-on-quarter (q-o-q) over the October-to-December period. The average fee per contract for equity, currency and commodity derivatives for the quarter was S$1.55. 

Institutional investors continued to benefit from SGX Group’s unrivalled multi-asset offering for managing portfolio risk in key Asian markets including China and India. The traded volume of SGX FTSE China A50 Index futures – the most liquid international contract for Chinese equities – jumped 57% m-o-m in March to 11.1 million contracts, bringing the first-quarter tally to 26.8 million, up 17% q-o-q. SGX USD/CNH futures traded volume gained 48% m-o-m in March to 1.2 million contracts, while volume for the quarter was up 9% q-o-q. SGX Nifty 50 Index Futures traded volume rose 2% m-o-m (+18% q-o-q), while SGX INR/USD Futures volume climbed 22% m-o-m (+13% q-o-q). 

Total equity index futures traded volume increased 38% m-o-m to 18.4 million contracts in March (+15% q-o-q). There were gains across the board, with SGX Nikkei 225 Index Futures volume up 37% m-o-m (+12% q-o-q), SGX FTSE Taiwan Index Futures volume up 31% m-o-m (+15% q-o-q) and SGX MSCI Singapore Index Futures volume up 10% m-o-m (+5% q-o-q). 

Total foreign exchange (FX) futures traded volume climbed 34% m-o-m to 2.8 million contracts in March (+12% q-o-q). The Russia-Ukraine conflict fanned risk aversion, bolstering hedging activity in currency markets. SGX Group offers a leading FX platform and integrated services for global over-the-counter (OTC) and futures participants. 

Significant Ga...

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