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SGX Group reports strong August volume growth

Derivatives traded volume rose 11% year on year to 27.4 million contracts.

SGX Group reported strong volume growth in August, driven by global institutions using its China-access derivatives to manage risk across various assets and positive momentum in the Singapore stock market.

Derivatives traded volume rose 11% year on year to 27.4 million contracts. Securities market turnover gained 17% YoY to $33.6b, whilst securities daily average value also increased 17% YoY to $1.6b

A rally in China’s equities market drove demand for China equity derivatives, with DAV of SGX FTSE China A50 Index Futures rising 66% YoY in August to 496,023 lots, the highest in six months.

Moreover, the Straits Times Index (STI) advanced further in August, rising 2.3% month on month to 4,269.7.

On a Singapore dollar basis, the STI topped Asia-Pacific benchmark indices across a five-year horizon for total returns, returning 111% as of August. 

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