SGX Reports Surge in FX Futures Volume in February 2021

Singapore Exchange (SGX) today reported the market statistic for the last month. The exchange saw a surge in FX futures trading volume during February 2021 as the total number of contracts reached 2.3 million, which is a 7% jump compared to January 2021.

According to the official announcement, the latest surge in FX volumes was led by INR/USD futures as the volume in the currency pair jumped 22% in February due to high market Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term. The trading volume of USD/CNH futures dipped 15% in the last month amid the New Year holidays in China.

“Derivatives daily average volume (DAV) on SGX rose 6.2% month-on-month (m-o-m) in February to 1.1 million contracts, even as total traded volume was lower year-on-year (y-o-y) at 17.7 million due to fewer trading days in onshore markets. Several markets across East Asia were closed for extended Lunar New Year holidays in February, a period that was marked in January last year. SGX’s derivatives platform was open and available through these holidays,” SGX mentioned in the press release.

Additionally, SGX reported a jump in FTSE China A50 Index Futures DAV and FTSE Taiwan Index Futures DAV.

Commodities and Securities

Apart from the growth in FX futures and the overall derivatives average daily volume, SGX highlighted a surge in its commodities business. Petrochemical derivatives volume and Paraxylene traded volume jumped significantly during February 2021. However, Iron ore derivatives volume dropped 12% in February due to the Lunar New Year holidays. The securities' daily average value (SDAV) on SGX was down nearly 1% in February.

“SGX welcomed multidisciplinary specialist healthcare group, Livingstone Health Holdings Limited as well as fintech group, MC Payment Limited in February. Homegrown Livingstone Health joins a growing listed healthcare cluster on the exchange, while MC Payment’s listing was the first for a digital-Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term company in Singapore,” the exchange added.

SGX recently partnered with Belgium-based financial services provider, Euroclear Bank to launch the Orchid bond structure in Singapore.