Singapore Exchange (SGX) Releases Monthly Average Volume For February

Singapore Exchange (SGX) has announced its trading volume for February. According to the report, the company recorded 1.06 million in its derivatives daily average volume in the month. This represents a record in almost two years.

The report also shows that concerns over inflation and increased volatility boosted risk-management activity for the company.

Derivatives Traded Volume Hits 18.6 Million Contracts

Additionally, the ongoing political crisis in Ukraine added to the volatility in the market, especially in the derivatives’ volume across the board. This added to the issues facing commodity markets and supply chains all over the world.

The derivatives traded volume surged to 18.6 million contracts, representing a 5% increase on a year-over-year (YoY) basis.

Open interest on SGX USD/CNH Futures reached a record of US$12.4 billion last month, as the volume grew by 15% YoY to 823,524 contracts. Offshore RMB is now more frequently used as a safe-haven currency as risk aversion keeps rising.

Additionally, SGX realized a 33% increase in its SGX Nifty 50 Index Futures volume YoY, which led to a 5% surge in equity index futures volume. The exchange had a 4% increase in the traded volume of the Nikkei 225 Index Futures while the MSCI Singapore Index Futures recorded a 10$ increase in trade volume.

SGX Also Recorded A Surge In Total FX Volume

SGX also recorded a slight increase in its trading volume in January. The exchange recorded 20 million contracts in its trading volume for the month, which represents a 3% increase. This also represents its highest volume since September 2021.

The total open interests on Singapore Exchange hit US$13.9 billion, representing a 56% increase YoY, while the total volume of FX traded on the exchange reached US$107.8 billion. Last month, the average daily volume of SGX securities hit S$1.6 billion, representing a 36% increase month-over-month (Mo). The volume is the highest since March 2021.

Securities market turnover rose to S$29.6 billion, showing a 16% increase in MoM. The most active stocks for the month are Samudera Shipping Line Ltd. and Rex International Holding Ltd. These are also the top performers in the month, according to the report.

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