SGX’s January FX Volumes Buzzing on Strong Start to 2018‎

The busy January has triggered a long-awaited rebound in trading metrics.‎

Singapore Exchange (SGX), the country’s paramount exchange operator, has just reported its monthly volumes across its derivatives and commodities business for January 2018, which showed a strong performance across multiple segments.

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The busiest January on global markets in many years is raising hopes among exchanges and market venues that 2018 will spark a long-awaited rebound in trading metrics.

SGX’s total turnover managed to snap out of a tight consolidation of volumes that has been largely intact in Q4 as the first month of the new year did feature more activity across several relevant markets.

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Over 22 trading days, SGX reported its securities volumes at S$29.4 billion in January 2018, up 53% month-on-month. The latest figures also indicated a higher performance over a yearly timeframe, relating to a growth 40 percent year-over-year from January 2017.

SGX’s total FX futures were reported at 1.4 million contracts in January 2018, up by 54 percent month-over-month from 937,888 contracts in December 2017. Additionally, FX futures were able to notch an advance of 147 percent year-over-year from January 2017.

Furthermore, the SGX’s daily average value of trading in the month of January 2018 yielded S$1.3 billion, up by a factor of 39 percent month-over-month from December 2017 – by extension, the average daily values of trading were higher by 28 percent year-over-year from January 2017.

SGX’s total market capitalization during January 2018 climbed to $830.0 billion (S$1.1 trillion), unchanged month-over-month from the same figure in December 2017. This figure encompassed the total market cap for all 749 listed companies on the SGX, losing one listing since the previous month.

Finally, SGX managed to build on a recent upward trend in its derivatives business, which again moved higher in January 2018. More specifically, January 2018’s volumes rose to 18.1 million contracts traded, up 16 percent month-over-month. This was higher also when measured against 2017, having climbed by 55 percent year-over-year from January 2017.

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