Singapore Exchange (SGX) has just released its market statistics for March 2021. The exchange reported its highest securities market turnover since March last year. It registered 50% MoM rise in to S$38.7 billion.
Securities daily average value (SDAV) climbed 24% compared to February 2021 reaching S$1.7 billion. It also marked 18% quarter-over-quarter (QoQ) increase to S$1.52 billion.
The ETF volume on SGX reached 3%MoM with S$516 million. In the first quarter, the ETF turnover gained 34% compared to the previous one to S$1.6 billion, with combined assets-under-management (AUM) of all 30 listed ETFs at S$8.99 billion.
SGX registered 27% MoM increase in FX trading volumes to 2.9 million contracts in March 2021. In the first quarter of 2021, the exchange reached 7.3 million contracts and 20% growth over the previous quarter.
The exchange noted that INR/USD Futures have reached 4.3 million with 27% quarter-over-quarter increase and SGX USD/CNH Futures gained 9% to 2.7 million.
SGX stated:
SGX set monthly volume records for its USD/SGD, INR/USD and USD/INR (USD) futures in March, reflecting strong demand among global institutional investors to risk-manage Asian currencies. The exchange is Asia’s largest FX futures marketplace.
The exchange also reported growth in its commodities division with 39% MoM jump in March to 2.5 million contracts. For Q1 2021, the total volume rose 17% over the previous quarter to 6.4 million.
The statement said:
Iron ore derivatives traded volume on SGX surged 43% m-o-m in March to 2 million contracts, bringing the quarterly total to 5.1 million, up 15% q-o-q. Almost half a million forward freight agreement (FFA) contracts changed hands in the first quarter, up 78% q-o-q. SGX’s unique offering provides a liquid and capital-efficient platform to manage bulk cargo and freight risks,” the exchange added in the press release.
In February, SGX partnered with Brussels-based international central securities depositary (ICSD), Euroclear Bank to launch the Orchid bond structure in Singapore, combining domestic bond issuance with global distribution channels.
