SGX Group reported record FX futures trading volumes last month, driven by currency pairs fluctuations.
Securities market turnover also rose to its highest level in over two years.
Singapore
Exchange (SGX) saw record foreign exchange (FX) futures trading volumes in
August, driven by elevated market volatility and increased hedging activity,
according to the exchange operator's latest monthly statistics report.
SGX Group Reports Record
FX Futures Volume in August amid Market Volatility
Total FX
futures volume on SGX surged 33% year-over-year (YoY) to an all-time high of
5.6 million contracts in August. The exchange's flagship USD/CNH FX Futures saw the trading volume jump 25% compared to the same month last year, reaching 3.4
million contracts.
Retail
investors were particularly active, with net purchases hitting S$685 million—the highest in 10 months. Institutional investors also increased their trading
activity across various stock segments.
This aligns
with data published by other trading venues over the past month. For instance,
FXSpotStream reported record volumes in August, with average daily volumes
nearly reaching $97 billion, marking a 60% increase compared to the same period
in 2023.
The foreign
exchange market is riding the wave of a weak dollar and a volatile Japanese
yen, as seen on exchanges in Europe and the USA. For example, Cboe's spot
currency volumes rose to $1.1 trillion compared to $1.02 trillion reported in
July. Additionally, considering there were fewer trading days last month (22 vs
23), the Average Daily Volume Count (ADVC) increased from 44 to nearly 50
billion USD.
Other Numbers
The
volatility also boosted activity in SGX's securities market, with total
turnover value rising 22% YoY to S$28.8 billion—the highest level since March
2022. The daily average value of the securities (SDAV) climbed 28% to S$1.4 billion.
In the
commodities space, SGX saw broad-based gains, with total derivatives volume up
20% year-over-year to 6.1 million contracts. Petrochemicals volume surged 91%
to a record equivalent of 2.35 million metric tonnes amid growing hedging
demand.
The
exchange's new three-month Tokyo Overnight Average Rate (TONA) Futures,
launched in late July, continued to gain traction with 37,090 contracts traded
in August.
Despite the
increased trading activity, Singapore's benchmark Straits Times Index declined
0.4% month-on-month to close at 3,442.93, though it remains up 6.7%
year-to-date.
Singapore
Exchange (SGX) saw record foreign exchange (FX) futures trading volumes in
August, driven by elevated market volatility and increased hedging activity,
according to the exchange operator's latest monthly statistics report.
SGX Group Reports Record
FX Futures Volume in August amid Market Volatility
Total FX
futures volume on SGX surged 33% year-over-year (YoY) to an all-time high of
5.6 million contracts in August. The exchange's flagship USD/CNH FX Futures saw the trading volume jump 25% compared to the same month last year, reaching 3.4
million contracts.
Retail
investors were particularly active, with net purchases hitting S$685 million—the highest in 10 months. Institutional investors also increased their trading
activity across various stock segments.
This aligns
with data published by other trading venues over the past month. For instance,
FXSpotStream reported record volumes in August, with average daily volumes
nearly reaching $97 billion, marking a 60% increase compared to the same period
in 2023.
The foreign
exchange market is riding the wave of a weak dollar and a volatile Japanese
yen, as seen on exchanges in Europe and the USA. For example, Cboe's spot
currency volumes rose to $1.1 trillion compared to $1.02 trillion reported in
July. Additionally, considering there were fewer trading days last month (22 vs
23), the Average Daily Volume Count (ADVC) increased from 44 to nearly 50
billion USD.
Other Numbers
The
volatility also boosted activity in SGX's securities market, with total
turnover value rising 22% YoY to S$28.8 billion—the highest level since March
2022. The daily average value of the securities (SDAV) climbed 28% to S$1.4 billion.
In the
commodities space, SGX saw broad-based gains, with total derivatives volume up
20% year-over-year to 6.1 million contracts. Petrochemicals volume surged 91%
to a record equivalent of 2.35 million metric tonnes amid growing hedging
demand.
The
exchange's new three-month Tokyo Overnight Average Rate (TONA) Futures,
launched in late July, continued to gain traction with 37,090 contracts traded
in August.
Despite the
increased trading activity, Singapore's benchmark Straits Times Index declined
0.4% month-on-month to close at 3,442.93, though it remains up 6.7%
year-to-date.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
Integral Onboards Another Banking Client: Will Provide FX Infrastructure to OTP Group
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
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Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
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FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
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The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
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Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24
Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24