SGX registers 3% MoM drop in Forex futures volumes in November 2015


Singapore Exchange Limited (SGX:S68) has earlier today published its operating metrics for November 2015, with Forex volumes staging a drop in monthly terms. In fact, even traditionally robust rupee futures volumes fell last month.

In November 2015, total FX Futures volume was 463,449 contracts, down 3% from the 475,887 contracts traded in October 2015. The reading was, however, up 267% from a year earlier.

The volume of SGX INR/USD Futures, which generate the bulk of the Forex turnover at SGX, was 423,600, down 6% from October 2015 levels and up 296% from November 2014.

One more result that is worthy of noting is that Chinese yuan futures volumes staged a steep rise – they were up 69% in monthly terms and 180% in annual terms.

Below is the full data.

Securities

  • Total Securities market turnover value fell 16% month on month and fell 13% year on year to S$19.4 billion, during 20 trading days compared to 22 in October and 20 in November 2014.
  • Securities daily average value (SDAV) fell 8% month on month and fell 13% year on year to S$970 million.
  • Market turnover value of Exchange Traded Funds (ETFs) was S$158 million, down 41% month on month and down 20% year on year.
  • There were 4 new Catalist listings, raising S$135 million.
  • There were 31 new bond listings, raising S$14.0 billion.
  • Total market capitalisation value of 771 listed companies stood at S$902.4 billion as at end November 2015.

Derivatives

  • chinese-yuan-2Total Derivatives volume was 13.6 million, up 20% month on month and up 13% year on year.
  • Equity Index Futures volume was 11.7 million, up 21% month on month and up 11% year on year.
  • FTSE China A50 Index Futures remained the most active contract with volume of 6.5 million, up 42% month on month and up 37% year on year.
  • SGX CNX Nifty Index Futures volume was 1.5 million, down 6% month on month and up 1% year on year.
  • Nikkei 225 Index Futures volume was 1.6 million, down 14% month on month and down 41% year on year.
  • MSCI India Index Futures volume was 60,898, down 7% month on month and up from 322 contracts a year earlier.
  • Total FX Futures volume was 463,449, down 3% month on month and up 267% year on year.
  • SGX INR/USD Futures volume was 423,600, down 6% month on month and up 296% year on year.
  • SGX USD/CNH Futures volume was 35,128, up 69% month on month and up 180% year on year.
  • Volume of OTC SGD Interest Rate Swaps was S$6.8 billion, down 10% month on month and up 197% year on year.

Commodities

  • SGX Commodities Derivatives volume was 988,334, up 28% month on month and up 86% year on year.
  • Iron Ore Derivatives volume was 885,264, up 29% month on month and up 86% year on year.
  • Forward Freight Derivatives volume was 43,041, up 56% month on month and up from 5,115 contracts a year earlier.
  • SICOM Rubber Futures volume was 56,497, up 1% month on month and up 25% year on year.

To view the full announcement from SGX on its November metrics, click here.

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SGX registers 3% MoM drop in Forex futures volumes in November 2015

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