Tag: SGX

SGX
December 12, 2022 BY Steffy Bogdanova

SGX FX volume surges 104% YoY in November

The Singapore Exchange said in the official press release: Record foreign exchange (FX) trading activity drove derivatives volume, amid optimism on Asian economies and signs that the U.S. Federal Reserve will slow its pace of interest-rate hikes. Derivatives daily average volume (DAV) for the period decreased to 1.1 million contracts, registering an 8.3% fall compared…

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SGX
October 12, 2022 BY Steffy Bogdanova

SGX FX volume surges 31% MoM in September

The September FX activity was led by a 36% MoM surge in SGX USD/CNH futures to 1.6 million. SGX INR/USD futures also jumped 25% MoM and 26% YoY to 1.63 million contracts. Derivatives daily average volume (DDAV) increased to 1.05 million contracts, registering a 14% rise compared to August 2022. The exchange also achieved a…

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SGX
September 12, 2022 BY Steffy Bogdanova

SGX reports a 31% YoY jump in FX futures traded volume in August

SGX reported derivatives traded volume saw a marginal rise of 4% in August to 20.4 million contracts. Derivatives' daily average volume (DDAV) reached 921,170 contracts, registering a 2% increase compared to the same period last year. Securities growth Securities market turnover jumped to S$24.3 billion in August, a 35% rise compared to the previous month.…

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SGX
August 19, 2022 BY Steffy Bogdanova

SGX Group sees FX revenue jump of 47% in FY22

Loh Boon Chye, Chief Executive Officer of SGX Group, said: Our record-high revenue was driven by higher derivatives volumes across equities, currencies and commodities, as our global customers increasingly used our multi-asset platform to navigate market uncertainties. Forex Performance The Singapore Exchange further revealed that with the recent acquisition of MaxxTrader, together with BidFX, OTC…

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SGX
April 11, 2022 BY Steffy Bogdanova

SGX FX futures traded volume rises 34% MoM in March

SGX sees growth in securities turnover Securities market turnover value rose 21%MoM in March, reaching S$35.7 billion. This also lifted the turnover for the last three months, from January-to-March by 26% compared to previous quarter to S$91 billion. The bellwether Straits Times Index (STI) rose 5.1% in last month to 3,408.52. It was Asia-Pacific’s strongest…

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SGX
February 14, 2022 BY Steffy Bogdanova

SGX sees strong performance in January

SGX said: There was reduced volatility in the renminbi (RMB) ahead of the Lunar New Year holidays, with the traded volume of SGX USD/CNH Futures declining in tandem. However, month-end open interest of the contract gained 12% m-o-m to more than US$11 billion, signaling its growing adoption as a hedging tool. The SGX contract is…

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SGX
November 11, 2021 BY Steffy Bogdanova

SGX reports strong FX volumes in October 2021

SGX stated: FX market participants bolstered portfolio hedging on key Emerging Asia currencies. SGX INR/USD Futures traded volume rose 14% y-o-y in October to 1.3 million contracts as India’s energy and raw-material costs continued to climb, adding to inflationary concerns. China’s regulatory scrutiny of its technology industry showed signs of easing even as challenges in…

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