Singapore Exchange (SGX Group) today released its market statistics for November 2022,showing that record foreign exchange (FX) trading activity drove derivatives volume.
Total derivatives traded volume rose 30% year-on-year (y-o-y) in November to 23.7 million contracts, the highest since March 2022, while daily average volume (DDAV) climbed 27% y-oy to 1.1 million. In November, the volume of SGX FTSE A50 Index Futures, the world’s most。
liquid international contract for Chinese equities, increased 24% y-o-y to 9.3 million contracts.
Across the SGX Equity Derivatives suite, total volume rose 17% y-o-y in November to 15.5 million contracts. Hedging activity on SGX FX, Asia’s leading FX over-the-counter (OTC) and futures marketplace, accelerated in November amid U.S. dollar weakness related to the outlook for rates. Total FX futures traded volume surged 104% y-o-y to 4 million contracts – an all-time high.
Commodity derivatives volume climbed 57% y-o-y in November to 3.7 million contracts, the highest since March 2022.
Securities market turnover value rose 18% month-on-month (m-o-m) in November to S$27.2billion, while securities daily average value (SDAV) climbed 7% m-o-m to S$1.2 billion. Turnover of exchange-traded funds (ETF) gained 18% m-o-m in November to S$389 million.