SGX sees 23% MoM rise in FX futures volumes in January 2016

Singapore Exchange Limited (SGX:S68) today reported its operating metrics for January 2016, with Forex volumes staging steep increases in both monthly and annual terms, in the face of a month-on-month decline in yuan futures turnover.

In January 2016, the FX futures volume at SGX was 522,933 contracts, up 23% from December 2015, when the volume was 425,188 contracts. The rise was even more impressive in annual terms – the January 2016 FX volumes were 119% higher than in January 2015.

The result obviously reflected a 27% month-on-month rise in INR/USD futures volumes and could not be offset by a 24% month-on-month drop in USD/CNH futures volumes.

The full data can be viewed below.


  • Total Securities market turnover value increased 36% month on month and fell 8% year on year to S$23.2 billion, during 20 trading days compared to 22 in December and 21 in January 2015.
  • Securities daily average value (SDAV) increased 50% month on month and fell 4% year on year to S$1.2 billion.
  • Market turnover value of Exchange Traded Funds (ETFs) was S$275 million, up 56% month on month and up 2% year on year.
  • There were 3 new Catalist listings, raising S$42 million.
  • There were 25 new bond listings, raising S$13 billion.
  • Total market capitalisation of 771 listed securities stood at S$855 billion as at end January 2016.


  • sgxTotal Derivatives volume was 17.7 million, up 24% month on month and up 21% year on year.
  • Equity Index Futures volume was 15.4 million, up 26% month on month and up 17% year on year.
  • FTSE China A50 Index Futures remained the most active contract with volume of 8.2 million, up 29% month on month and up 15% year on year.
  • SGX CNX Nifty 50 Index Futures volume was 1.8 million, up 10% month on month and down 12% year on year.
  • Nikkei 225 Index Futures volume was 3.0 million, up 33% month on month and up 34% year on year.
  • MSCI India Index Futures volume was 15,920, down 71% month on month and up from 1,059 contracts a year earlier.
  • Total FX Futures volume was 522,933, up 23% month on month and up 119% year on year.
  • SGX INR/USD Futures volume was 463,855, up 27% month on month and up 125% year on year.
  • SGX USD/CNH Futures volume was 39,552, down 24% month on month and up 504% year on year.
  • Volume of cleared OTC SGD Interest Rate Swaps was S$16.9 billion, up 172% month on month and up 57% year on year.


  • SGX Commodities Derivatives volume was 1.2 million, up 15% month on month and up 110% year on year.
  • Iron Ore Derivatives volume was 1.1 million, up 13% month on month and up 113% year on year.
  • Forward Freight Derivatives volume was 46,588, up 57% month on month and up 375% year on year.
  • SICOM Rubber Futures volume, the world’s price benchmark for physical rubber, was 72,125, up 39% month on month and up 52% year on year.

You can view the detailed report by clicking here.

Related News


SGX sees 23% MoM rise in FX futures volumes in January 2016


Send this to a friend

Subscribe to LeapRate
Fill out the form below for more information
for lising in LeapRate's Forex Yellow Pages

Please enter the company name, email address to reach you and phone # (optional):

Please fill out the message field to the right for any questions or special inquiry: