Momentum Building at SGX as Derivatives and FX Perform Strongly in January

On the heels of a forgettable Q4 2015 at SGX, the exchange has now seen back to back strong months

The Singapore Exchange (SGX) has just announced the release of its volumes across its derivatives and commodities activities for the month ending January 2016, having snapped a recent downtrend that had continued unabated in Q4 2015.

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In terms of securities, the turnover at the SGX during January 2016 stormed higher to $16.7 billion (S$23.2 billion), up 36.4% MoM from just $12.2 billion (S$17.0 billion) in December 2015 – when measured against a yearly time interval however, January 2016’s figure’s gains were pared, illustrating an -8.0% decline YoY from January 2015.

Furthermore, the SGX’s daily average value of trading during January 2016 was disclosed at $860 million (S$1.2 billion), a sizable increase from $555.9 million (S$774 million) in December 2015, representing an ascension of 55.0% MoM.

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The SGX’s total market capitalization also came in at $614.1 billion (S$855.0 billion) in January 2016, taking a breather MoM from $649.9 billion (S$904.8 billion) in December 2015, or -5.5% MoM – this included the total market cap for all 771 listed companies on the SGX.

Derivatives and FX Continue to Climb

Across its derivatives business, January 2016’s volumes secured a consecutive monthly growth following its strong December performance. January 2016 saw 17.7 million contracts traded, which corresponded to a jump of 26.4% MoM from 14.0 million contracts traded in December 2015. Unlike last month however, this figure was also markedly higher when magnified under the lens of its yearly performance, as volumes also rose by 21.0% YoY from January 2015.

In terms of equity index futures volume at the SGX, January 2016 saw 15.4 million contracts traded, higher by 26.2% MoM from 12.2 million contracts in December 2015, and up 17.0% YoY from January 2015.

Much like previous months, the FTSE China A50 futures were by far the most active contract traded on the SGX during January 2016, which reported a total volume of 8.2 million, up 28.1% MoM from 6.4 million in December 2015. Finally, the SGX’s total foreign exchange (FX) futures volume was 522,933, which represents a rise of 23.0% MoM from 425,188 in December 2015.

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