Singapore Trade (SGX) reported its market statistics for August 2022 at present. Within the talked about interval, SGX witnessed a soar of just about 31% throughout the FX phase as the overall quantity touched 2.6 million contracts.
The latest spike within the FX exercise was led by a major soar in USD/CNH futures as the overall variety of contracts reached 1.2 million, which is 45% increased in comparison with the identical interval final 12 months. Furthermore, a soar of 17% was noticed within the futures quantity associated to INR/USD.
“The U.S. Federal Reserve’s unprecedented cycle of interest-rate hikes continued to put Asian currencies beneath strain, driving institutional hedging on SGX FX. The SGX contract is the world’s most generally traded worldwide renminbi (RMB) futures contract. SGX INR/USD futures quantity climbed 17% y-o-y to 1.3 million contracts amid volatility within the Indian rupee,” Singapore Trade famous in an official press launch at present.
When it comes to traded quantity associated to derivatives, the change witnessed a marginal enhance of 4%. Derivatives’ every day common quantity (DDAV), however, touched 921,170 contracts, which is 2% increased in comparison with the identical interval final 12 months.
Securities Turnover
SGX highlighted that the market turnover worth associated to the securities phase reached 24.3 billion Singapore {dollars} in August, which is up by 35% in comparison with the earlier month.
“The market turnover worth of structured warrants and every day leverage certificates (DLC) gained 16% m-o-m to S$608 million. The broad pickup in securities market turnover got here on the again of the company earnings season and a robust month-end rebalancing. Institutional portfolio rotation led to an estimated S$750 million in internet institutional inflows in August, the very best since January, and primarily into the Financials and Shopper sectors. The benchmark Straits Instances Index (STI) superior 0.3% m-o-m to three,221.67 in August. It generated a year-to-date value return of three.1%, outperforming the FTSE All-World Index,” SGX added.
Singapore Trade (SGX) reported its market statistics for August 2022 at present. Within the talked about interval, SGX witnessed a soar of just about 31% throughout the FX phase as the overall quantity touched 2.6 million contracts.
The latest spike within the FX exercise was led by a major soar in USD/CNH futures as the overall variety of contracts reached 1.2 million, which is 45% increased in comparison with the identical interval final 12 months. Furthermore, a soar of 17% was noticed within the futures quantity associated to INR/USD.
“The U.S. Federal Reserve’s unprecedented cycle of interest-rate hikes continued to put Asian currencies beneath strain, driving institutional hedging on SGX FX. The SGX contract is the world’s most generally traded worldwide renminbi (RMB) futures contract. SGX INR/USD futures quantity climbed 17% y-o-y to 1.3 million contracts amid volatility within the Indian rupee,” Singapore Trade famous in an official press launch at present.
When it comes to traded quantity associated to derivatives, the change witnessed a marginal enhance of 4%. Derivatives’ every day common quantity (DDAV), however, touched 921,170 contracts, which is 2% increased in comparison with the identical interval final 12 months.
Securities Turnover
SGX highlighted that the market turnover worth associated to the securities phase reached 24.3 billion Singapore {dollars} in August, which is up by 35% in comparison with the earlier month.
“The market turnover worth of structured warrants and every day leverage certificates (DLC) gained 16% m-o-m to S$608 million. The broad pickup in securities market turnover got here on the again of the company earnings season and a robust month-end rebalancing. Institutional portfolio rotation led to an estimated S$750 million in internet institutional inflows in August, the very best since January, and primarily into the Financials and Shopper sectors. The benchmark Straits Instances Index (STI) superior 0.3% m-o-m to three,221.67 in August. It generated a year-to-date value return of three.1%, outperforming the FTSE All-World Index,” SGX added.
