SGX FX Volumes Double YoY in February

The aggregate volume for SGX FX futures stayed above 1 million contracts, or approximately US$ 53 billion, for the full month, representing year-on-year (y-o-y) growth of 99.3%.

The average daily volume (ADV) of FX contracts traded on the exchange in February was 1.17 million. On a Year-to-Date (YTD) basis, this represents an increase of 123% over the corresponding period in 2017.

SGX’s USD/CNH futures saw a pick-up in activity last month, with 10 successive days of trading in excess of $1 billion, including two consecutive days of trading above $2 billion.

The aggregate volume for the USD/CNH futures in February was 243,089 contracts, or $24.3 billion, representing a y-o-y increase of 164%. With a strong start in January, the YTD volume for the contract has already reached 540,100 contracts, up 170% from the corresponding period in 2017.

This substantial increase in volumes comes despite trading being interrupted last month by the holidays for the Chinese New Year.

Trading in SGX’s INR/USD futures was up 87% in February on y-o-y basis, while the ADV remained above $1.58 billion. The cumulative YTD volume for the INR/USD futures is 2.04 million contracts, up 114% over the corresponding timeframe in 2017.


Galen Stops

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