Tag: SGX

SGX

Mixed Data from Primary FX Venues

The three primary FX venues have all followed the first group of platforms to report average daily volume (ADV) with a month-on-month rise, however unlike the latter, year-on-year turnover is lower. EBS, which is owned by CME Group, reports ADV of $69.3 billion in June, a 22.2% rebound from the horrible May data, but still […]

SGX Completes Ownership of BidFX

Singapore Exchange, (SGX) is to acquire the 80% of OEMS provider BidFX that is does not already own. The exchange initially bought a 20% stake in March 2019 and has now taken the entire company in a deal valued at $128 million. The deal, which is expected to complete in July 2020, was the result […]

FX Platforms Hit New Peaks in March

As expected, FX platforms saw a leap higher in average daily volume (ADV) during the market’s version of March Madness, with the first five to report data hitting new highs as well as establishing new individual day records. Deutsche Borse’s 360T reports spot FX ADV of $36.9 billion, a 36.2% increase from February, which was […]

SGX FX Futures See Robust Start to 2020

Singapore Exchange (SGX) reports strong January FX futures volumes. The exchange notes volume increases in both USD/CNH and USD/INR in particular. Total notional volume for FX futures during January was US$126 billion, a 17% increase from the $105 billion reported for January 2019. Meanwhile, the volume of contracts traded grew by 21%, from 1.9 million […]

Mixed News from FX Platforms

FXSpotStream, Integral and Singapore Exchange (SGX) have released their first volume data for the year and it is a real mixed bag, with one up month-on-month but down year-on-year and the other two down from December but up from January 2019. FXSpotStream says its average daily volume was $37 billion in January, taking the 21 […]

Geopolitics Drives Record 2019 FX Volumes for SGX

SGX saw record volumes in its FX futures during 2019, which it credits to heightened trading activity due to geopolitical factors. The exchange is reporting aggregate FX volumes of $1.3 trillion for 2019, up 44% from $914 billion in 2018, with a total of 23.5 million futures contracts traded on its platform last year, a […]

SGX Hires Patimova in London

SGX has hired Elena Patimova in London as director, equities and FICC. In this role she will be responsible for sales and business development for SGX’s suite of derivatives contracts in Europe, covering hedge funds, CTAs, proprietary trading companies, banks and FCMs. Prior to joining SGX, Patimova was a senior vice president, business development at […]

HKEX to Launch INR Futures

Hong Kong Exchanges and Clearing (HKEX) has announced it will launch Indian rupee (INR) currency futures in the fourth quarter of this year. The exchange it plans to introduce two new contracts: the INR vs US Dollar (INR/USD) futures; and the INR vs Renminbi traded in Hong Kong (INR/CNH) futures, adding the INR/CNH Futures contract […]

USD/CNH Volumes Surge on SGX Amidst Trade War

Having recorded a new record high trading volume of $7.5 billion notional in its USD/CNH futures on Friday, August 2, SGX saw a 38% increase in volumes as trading resumed on Monday, August 5. The initial surge in trading was precipitated by a tweet from US president, Donald Trump, that his administration plans to impose […]

SGX Creates New Structure, Names FICC Head

Singapore Exchange (SGX) has unveiled a new management organisation that the group says “capitalises on its strength as an international multi-asset exchange, to pursue growth opportunities and build scale in multiple asset classes”. With effect from July 1, four business and client units have been created to report to SGX CEO Loh Boon Chye – […]