SGX sees drop in overall FX volumes in March while yuan trading gains pace


Singapore Exchange Limited (SGX:S68) today reported its operating metrics for March 2016, with the results being in tune with the rest of the industry, as FX futures volumes declined from February 2016 levels.

Total FX Futures volume for March 2016 was 476,080 contracts, down 14% month on month and up 89% year on year. The decline apparently reflected a month-on-month drop in INR/USF futures volumes.

Yuan trading, however, gathered pace, as USD/CNH Futures volume was 23,601 contracts last month, up 5% from February 2016 and up 93% from March 2015.

You can view the detailed metrics below.

Securities

  • Total Securities market turnover value increased 13% month on month and 9% year on year to S$27.3 billion.
  • Securities daily average value (SDAV) fell 2% month on month and rose 9% year on year to S$1.2 billion.
  • Market turnover value of Exchange Traded Funds (ETFs) was S$314 million, up 51% month on month and down 13% year on year.

Derivatives

  • Total Derivatives volume was 17.1 million, up 23% month on month and up 15% year on year.
  • Equity Index Futures volume was 13.7 million, up 18% month on month and up 3% year on year.
  • FTSE China A50 Index Futures remained the most active contract with volume of 7.4 million, up 32% month on month and up 7% year on year.
  • SGX Nifty 50 Index Futures volume was 1.7 million, down 4% month on month and down 9% year on year.
  • MSCI India Index Futures volume was 19,860, flat month on month and up 129% year on year.
  • Nikkei 225 Index Futures volume was 2.4 million, down 2% month on month and down 10% year on year.
  • Total FX Futures volume was 476,080, down 14% month on month and up 89% year on year.
  • SGX INR/USD Futures volume was 446,541, down 14% month on month and up 107% year on year.
  • SGX USD/CNH Futures volume was 23,601, up 5% month on month and up 93% year on year.
  • Value of cleared OTC SGD Interest Rate Swaps was S$16.5 billion, up 57% month on month and up 142% year on year.

Commodities

  • SGX Commodities Derivatives volume was 2.3 million, up 94% month on month and up 279% year on year.
  • Iron Ore Derivatives volume was 2.1 million, up 96% month on month and up 292% year on year.
  • Forward Freight Derivatives volume was 62,250, up 55% month on month and up 263% year on year.
  • Volume of SICOM Rubber Futures, the world’s price benchmark for physical rubber, was 106,181, up 82% month.

You can view the full announcement from SGX by clicking here.

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SGX sees drop in overall FX volumes in March while yuan trading gains pace

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