Singapore Exchange Reports Mixed Volumes for FX Futures in September

SGX’s total FX futures were reported at 1.64 million contracts in September 2018.

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

SGX’s total turnover failed to snap out of a tight consolidation of volumes that has been largely intact in Q3 as the summer lull spread across several relevant markets.

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Over 20 trading days, SGX reported its securities volumes at S$19.4 billion in September 2018, down 17 percent month-on-month from S$23.5 billion in the month prior. The latest figure is the lowest in 2018 and also indicates a weaker performance over a yearly timeframe, relating to a drop by 11 percent year-over-year from September 2017.

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SGX’s total FX futures were reported at 1.64 million contracts in September 2018, down one percent month-over-month from 1.65 million contracts in August 2018. However, FX futures were able to notch an advance of 26 percent year-over-year from September 2017.

Furthermore, the SGX’s daily average value of trading in September 2018 yielded S$971 million, down by a factor of 13 percent month-over-month from August 2018 – by extension, the average daily values of trading were lower by 11 percent year-over-year from September 2017.

SGX’s total market capitalization during September 2018 stood at S$974.8 billion, slightly up month-over-month from S$970.24 billion in August 2018. This figure encompassed the total market cap for all 745 listed companies on the SGX, unchanged in terms of new listings since the previous month.

Finally, SGX failed to build on a recent upward trend in its derivatives business, which again moved lower in September 2018. More specifically, September 2018’s volumes decreased to 18.52 million contracts traded, having fallen by one percent relative to the previous month.

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