SGX Group's November Report Reveals 25% Surge in FX Futures Volume

2 months ago 95

The Singapore Exchange (SGX Group) has unveiled its market statistics for November 2023, highlighting high volumes in commodities, FX, and REITs. This latest report disclosed a shift in investors' sentiment across various sectors.

The derivatives market led the charge with a surge of 8% month-on-month, trading 22.4 million contracts. Notably, SGX FX witnessed a boost of 25% in FX futures volume, hitting over 4 million contracts. SGX USD/CNH Futures, a key international RMB futures contract, surged by 33% year-on-year (YoY), reaching 2.7 million contracts. The appreciation of the RMB spurred this growth, especially as exporters engaged in year-end FX conversions.

Similarly, SGX INR/USD Futures, among the top 10 traded listed FX futures globally, saw an increase of 13% month-on-month increase, trading 1.1 million contracts.

Expect ongoing updates as this story evolves...

The Singapore Exchange (SGX Group) has unveiled its market statistics for November 2023, highlighting high volumes in commodities, FX, and REITs. This latest report disclosed a shift in investors' sentiment across various sectors.

The derivatives market led the charge with a surge of 8% month-on-month, trading 22.4 million contracts. Notably, SGX FX witnessed a boost of 25% in FX futures volume, hitting over 4 million contracts. SGX USD/CNH Futures, a key international RMB futures contract, surged by 33% year-on-year (YoY), reaching 2.7 million contracts. The appreciation of the RMB spurred this growth, especially as exporters engaged in year-end FX conversions.

Similarly, SGX INR/USD Futures, among the top 10 traded listed FX futures globally, saw an increase of 13% month-on-month increase, trading 1.1 million contracts.

Expect ongoing updates as this story evolves...

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