SGX sees Forex volumes rise 16% MoM in July 2015


Singapore Exchange Limited (SGX:S68) has earlier this week reported its operating metrics for July 2015.

Although the trading activity in the derivatives segment seems to be have been impacted by the traditional summer slowdown, with trading turnover last month down 1% from June 2015 levels, Forex trading bucked the trend, as trading volumes with FX futures rose in both monthly and annual terms.

Forex trading highlights:

  • In July 2015, FX futures volumes at SGX reached 352,512 contracts, up 16% from June 2015, when the FX futures volumes stood at 303,437 contracts.
  • Compared with July 2014, FX futures volumes at SGX in July 2015 were whooping 722% higher.
  • Not surprisingly, INR/USD futures led the growth, with volume up 14% when compared with June 2015 levels and up 721% from July 2014 to a record 327,557 contracts.

Below is the full data.

Securities

Total turnover was $24.2 billion, down 2% month on month but up 15% year on year.

Daily average traded value was $1.1 billion, down 7% month on month but up 15% year on year. There were 22 trading days in July, compared to 21 in June.

ETF trading increased 8% month on month and 24% year on year to $256 million.

Trading of STI stocks represented 66% of total trading compared to 53% a year earlier.

A total of 50 new bonds were listed during July, raising $23.6 billion, up 93% month on month and 12% year on year. A total of 88% of these were issued by foreign issuers.

Catalist welcomed 3 new companies to the board, raising $47 million, bringing the total number of Catalist listed companies to 162 and total number of listed securities to 770.

Total market value was $969 billion.

Derivatives

indian-rupee-symbolDerivatives volume of 21.5 million contracts fell 1% month on month but rose 141% over the year.

Equity index futures volume was flat month on month at 19.7 million contracts, and up 142% over the year.

FTSE China A50 Index futures remained the most active contract with volume of 14.1 million, up 1% from June and up 348% from a year earlier.

FX futures volume grew 16% over the month in July to 352,512 contracts, up 722% over the year.

Growth in the SGX INR/USD futures led this growth, with volume up 14% month on month and 721% year on year to a record 327,557 contracts.

Volume of cleared OTC SGD Interest Rate Swaps was $14.0 billion, more than 3 times that of a year earlier, and almost double that of the previous month.

Commodities

SGX AsiaClear futures volume jumped 55% from June 2015 levels and 489% from July 2014to 690,226 contacts.

Iron ore futures volume rose 58% month on month to 665,461 contracts, up 506% year on year.

Volume of forward freight futures rose 20% over the month to 24,270 contracts; no volume was recorded a year earlier.

Volume of SICOM rubber futures, the world’s price benchmark for physical rubber, was down 12% month on month and up 42% year on year at 54,911 contracts.

To view the official announcement by SGX, click here.

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SGX sees Forex volumes rise 16% MoM in July 2015

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