SGX’s February Volumes Rebound as Turnover Figures Rise Across the Board

The 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) has released its monthly volumes across its derivatives and commodities business for February 2017, having secured a strong growth across both segments.

The latest figures managed to snap out of a tight consolidation of volumes that had existed across SGX’s data for the past three months. Its February 2017 volumes also came during a month that was largely devoid of any major market drivers or events, with Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or 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. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or 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. Trad Read this Term lower.

In terms of SGX’s latest turnover figures however, the group reported its securities volumes at $20.0 billion (S$28.2 billion) in February 2017, up 34.9 percent month-over-month from $14.8 billion (S$20.9 billion) in January 2017. The latest figures also indicated a higher performance over a yearly timeframe, relating to a growth of 17.0 percent year-over-year from February 2016.

Moreover, the SGX’s daily average value of trading in the month of February 2017, comprised of a total of 20 trading days (compared to 20 in January 2017), yielded $992.0 million (S$1.40 billion million), rising by a factor of 33.0 percent month-over-month from $740.0 million (S$1.05 billion million) in January 2017 – by extension, the average daily values of trading were lower by a 11.0 percent year-over-year from February 2016.

SGX’s total market capitalization during February 2017 climbed to $692.4 billion (S$977.1 billion), good for a growth of 4.0 percent month-over-month from just $682.7 billion (S$963.0 billion) in January 2017. This figure encompassed the total market cap for all 754 listed companies on the SGX, losing four listings since the previous month.

FX Rise in Tandem with Other Segments

SGX snapped a recent downward trend in its derivatives business, which now upwards lower in February 2017. More specifically, February 2017’s volumes rose to 12.5 million contracts traded, vs. 11.7 million contracts in January 2017, or 6.6 percent higher month-over-month. This was lower though when measured against 2016, having retreated by -10 percent year-over-year from February 2016.

Finally, SGX’s total FX futures were reported at 588,331 contracts in February 2017, virtually unchanged month-over-month from 584,307 contracts in January 2017. Additionally, FX futures also were able to notch an advance of 17.0 percent year-over-year from February 2016.