SGX Sees Improvements in June's FX Trading Volumes Compared to May

Trading statistics for June 2016 have just been reported by Singapore Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (SGX), with securities market turnover reaching 22.5 billion Singapore dollars (SGD) or $16.69 billion at today’s rates, and higher by 4% from SGX’s May figures for its securities segment.

Finance Magnates covered the SGX's May trading statistics earlier last month, with June's results now showing a number of improvements from the prior period including in the exchange's FX futures volumes.

SDAV flat due to extra trading day

From the securities market turnover total, the daily average trading value (SDAV) was flat month-over-month at S$1 billion, as an extra trading day in June diluted the overall increased turnover when compared to 21 trading days in May.

The most active contract for SGX was its FTSE China A50 Index Futures, tallying 5.1 million in volume for June – although lower by 7% compared to May 2016, and falling 64% compared to June 2015.

Securities turnover climbs 4%

With 22 trading days in June at SGX, the value of market turnover for Exchange Traded Funds (ETFs) was S$265 million, higher by 36% from May's total, and up by 12% compared to May 2015 on a year-over-year basis.

Two new listings on the mainboard raised S$903 billion, and 29 new bond listings raised S$15.7, and the total market capitalization value reached $898.7 billion for 763-listed companies on the SGX at the end of June.

FX volumes march higher in June

SGX reported that the total FX futures volumes in June reached 642,002 contracts and was higher by 27% from May, and up by 112% compared to June 2015.

FX futures volumes for the INR/USD contract at SGX was up 29% in June when compared to May, and reached 604,669 contracts in total volume, whereas USD/CNH futures saw volumes total 30,598 contracts and were little changed from May but higher by 248% from June 2015.

Meanwhile, the value of cleared over-the-counter (OTC) SGD interest rate Swaps Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Read this Term reached S$16.5 billion, higher by 54% from May 2016 and up 133% from June 2015.

Commodities volumes pullback

For SGX’s commodities derivatives segment in June, volumes reached 996,410, recording a decline of 26% from May’s total, yet were higher by 47% compared to June 2015. SICOM rubber futures volumes reached 79,418 contracts in June, lower by 25% from May, but higher by 28% when compared year over year.

SGX reported that its total derivatives volume for June 2016 reached 14.1 million contracts and was higher by 4% from May’s totals, yet lower by 35% from June 2015 when compared year-over-year. Volume for SGX equity index futures saw a similar trend with a month-on-month rise of 5% or 11.6 million contracts in June, yet fell 42% when compared to June 2015.