The Singapore Exchange (SGX Group) has unveiled its
market statistics for November 2023, highlighting high volumes in commodities,
FX, and REITs. This report disclosed a shift in investor sentiment across
various sectors.
The derivatives market led the charge with an uptick of 8% month-on-month (MoM), trading 22.4 million contracts. Notably, SGX FX
witnessed a boost of 25% in FX futures volume, hitting over 4 million
contracts.
SGX USD/CNH futures, a key international RMB futures
contract, soared 33% year-on-year (YoY), reaching 2.7 million contracts. The
appreciation of the RMB spurred this growth as exporters engaged in
year-end FX conversions, according to the statistics released by SGX Group. SGX INR/USD futures, among the top 10 listed FX futures globally, grew 13% to 1.1 million contracts.
In September, SGX witnessed an upswing of 20% YoY in its
total FX futures trading volume, reaching 4.1 million contracts. This expansion was
primarily fueled by concerns over prolonged high-interest rates in the US.
The SGX USD/CNH futures contracts rose 77% in
volume, hitting a record average daily volume of USD $15
billion. In equity derivatives, SGX experienced heightened
demand, notably in the GIFT Nifty 50 Index Futures, which jumped 9%
MoM.
Simultaneously, the domain of sustainable finance
attracted global institutions as SGX FTSE Blossom Japan Index Futures achieved
a record month-end open interest of USD $116 million. Commodity trading surged to
unprecedented levels in September as it increased 77% YoY to 5.4 million contracts.
Fixed Income and Renminbi FX Futures
In the fixed income sector, SGX Fixed Income
witnessed a remarkable upsurge of 28% MoM in the amount issued from 39
new bond listings for September.
Major financial institutions like The Export-Import
Bank of Korea, Sumitomo Mitsui Trust Bank Ltd., Nippon Life Insurance Co., and
Bayfront Infrastructure were among the highlights, showcasing
multi-billion-dollar offerings.
SGX unveiled a substantial growth trajectory in its
FX futures, notably witnessing a record-high of 2.2 million contracts in
renminbi FX futures in March 2023. This achievement represented a notable growth rate of 44% MoM. This was accompanied by a rise of 79%
YoY in the average daily volume of renminbi futures.
The Singapore Exchange (SGX Group) has unveiled its
market statistics for November 2023, highlighting high volumes in commodities,
FX, and REITs. This report disclosed a shift in investor sentiment across
various sectors.
The derivatives market led the charge with an uptick of 8% month-on-month (MoM), trading 22.4 million contracts. Notably, SGX FX
witnessed a boost of 25% in FX futures volume, hitting over 4 million
contracts.
SGX USD/CNH futures, a key international RMB futures
contract, soared 33% year-on-year (YoY), reaching 2.7 million contracts. The
appreciation of the RMB spurred this growth as exporters engaged in
year-end FX conversions, according to the statistics released by SGX Group. SGX INR/USD futures, among the top 10 listed FX futures globally, grew 13% to 1.1 million contracts.
In September, SGX witnessed an upswing of 20% YoY in its
total FX futures trading volume, reaching 4.1 million contracts. This expansion was
primarily fueled by concerns over prolonged high-interest rates in the US.
The SGX USD/CNH futures contracts rose 77% in
volume, hitting a record average daily volume of USD $15
billion. In equity derivatives, SGX experienced heightened
demand, notably in the GIFT Nifty 50 Index Futures, which jumped 9%
MoM.
Simultaneously, the domain of sustainable finance
attracted global institutions as SGX FTSE Blossom Japan Index Futures achieved
a record month-end open interest of USD $116 million. Commodity trading surged to
unprecedented levels in September as it increased 77% YoY to 5.4 million contracts.
Fixed Income and Renminbi FX Futures
In the fixed income sector, SGX Fixed Income
witnessed a remarkable upsurge of 28% MoM in the amount issued from 39
new bond listings for September.
Major financial institutions like The Export-Import
Bank of Korea, Sumitomo Mitsui Trust Bank Ltd., Nippon Life Insurance Co., and
Bayfront Infrastructure were among the highlights, showcasing
multi-billion-dollar offerings.
SGX unveiled a substantial growth trajectory in its
FX futures, notably witnessing a record-high of 2.2 million contracts in
renminbi FX futures in March 2023. This achievement represented a notable growth rate of 44% MoM. This was accompanied by a rise of 79%
YoY in the average daily volume of renminbi futures.
