SGX Reports Highest-Ever Trading Volume of FX Futures in November

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.

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