SGX FX futures hit record volumes in March

The total FX futures traded volume for March was up 20% MoM.

The Singapore Exchange (SGX Group) saw its total FX futures traded volume jump 20% MoM to a record high of 4.3 million contracts in March.

The March figure brought the quarterly tally up 30% YoY to 12.1 million contracts.

The bourse attributed its gains on SGX FX to USD/CNH FX Futures, which recorded 2.6 million contracts, translating to a 36% MoM increase in its volume.

“During the month, the world’s most widely traded international renminbi futures contract registered record open interest of US$18.5 billion,” SGX reported.

Meanwhile, SGX INR/USD FX Futures volume increased 3% MoM in March to 1.4 million contracts.

SGX also saw record trading activity in commodity derivatives in March, with volumes climbing 32% MoM to 6.4 million contracts.

“Growth was observed across a broad range of products, with DAV for SGX SICOM Rubber Futures – the global pricing bellwether for natural rubber – jumping to a record for both March and the first quarter, including a new single-day volume high of 43,538 lots on 18 March,” SGX reported.

“Growing financialisation in the U.S. and Europe, alongside a physical market transiting out of prolonged oversupply, continued to attract fresh participation,” it added.

Overall, derivatives traded volume rose 10% MoM in March to 24 million contracts

Follow the link for more news on

SGX

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia