The Singapore Change (SGX Group) has unveiled its
market statistics for November 2023, highlighting excessive volumes in commodities,
FX, and REITs. This report disclosed a shift in investor sentiment throughout
numerous sectors.
The derivatives market led the cost with an uptick of 8% month-on-month (MoM), buying and selling 22.4 million contracts. Notably, SGX FX
witnessed a lift of 25% in FX futures quantity, hitting over 4 million
contracts.
SGX USD/CNH futures, a key worldwide RMB futures
contract, soared 33% year-on-year (YoY), reaching 2.7 million contracts. The
appreciation of the RMB spurred this development as exporters engaged in
year-end FX conversions, in accordance with the statistics launched by SGX Group. SGX INR/USD futures, among the many high 10 listed FX futures globally, grew 13% to 1.1 million contracts.
In September, SGX witnessed an upswing of 20% YoY in its
complete FX futures buying and selling quantity, reaching 4.1 million contracts. This growth was
primarily fueled by issues over extended high-interest charges within the US.
The SGX USD/CNH futures contracts rose 77% in
quantity, hitting a file common each day quantity of USD $15
billion. In fairness derivatives, SGX skilled heightened
demand, notably within the GIFT Nifty 50 Index Futures, which jumped 9%
MoM.
Concurrently, the area of sustainable finance
attracted world establishments as SGX FTSE Blossom Japan Index Futures achieved
a file month-end open curiosity of USD $116 million. Commodity buying and selling surged to
unprecedented ranges in September because it elevated 77% YoY to five.4 million contracts.
Fastened Revenue and Renminbi FX Futures
Within the mounted earnings sector, SGX Fastened Revenue
witnessed a exceptional upsurge of 28% MoM within the quantity issued from 39
new bond listings for September.
Main monetary establishments like The Export-Import
Financial institution of Korea, Sumitomo Mitsui Belief Financial institution Ltd., Nippon Life Insurance coverage Co., and
Bayfront Infrastructure had been among the many highlights, showcasing
multi-billion-dollar choices.
SGX unveiled a considerable development trajectory in its
FX futures, notably witnessing a record-high of two.2 million contracts in
renminbi FX futures in March 2023. This achievement represented a notable development price of 44% MoM. This was accompanied by an increase of 79%
YoY within the common each day quantity of renminbi futures.
The Singapore Change (SGX Group) has unveiled its
market statistics for November 2023, highlighting excessive volumes in commodities,
FX, and REITs. This report disclosed a shift in investor sentiment throughout
numerous sectors.
The derivatives market led the cost with an uptick of 8% month-on-month (MoM), buying and selling 22.4 million contracts. Notably, SGX FX
witnessed a lift of 25% in FX futures quantity, hitting over 4 million
contracts.
SGX USD/CNH futures, a key worldwide RMB futures
contract, soared 33% year-on-year (YoY), reaching 2.7 million contracts. The
appreciation of the RMB spurred this development as exporters engaged in
year-end FX conversions, in accordance with the statistics launched by SGX Group. SGX INR/USD futures, among the many high 10 listed FX futures globally, grew 13% to 1.1 million contracts.
In September, SGX witnessed an upswing of 20% YoY in its
complete FX futures buying and selling quantity, reaching 4.1 million contracts. This growth was
primarily fueled by issues over extended high-interest charges within the US.
The SGX USD/CNH futures contracts rose 77% in
quantity, hitting a file common each day quantity of USD $15
billion. In fairness derivatives, SGX skilled heightened
demand, notably within the GIFT Nifty 50 Index Futures, which jumped 9%
MoM.
Concurrently, the area of sustainable finance
attracted world establishments as SGX FTSE Blossom Japan Index Futures achieved
a file month-end open curiosity of USD $116 million. Commodity buying and selling surged to
unprecedented ranges in September because it elevated 77% YoY to five.4 million contracts.
Fastened Revenue and Renminbi FX Futures
Within the mounted earnings sector, SGX Fastened Revenue
witnessed a exceptional upsurge of 28% MoM within the quantity issued from 39
new bond listings for September.
Main monetary establishments like The Export-Import
Financial institution of Korea, Sumitomo Mitsui Belief Financial institution Ltd., Nippon Life Insurance coverage Co., and
Bayfront Infrastructure had been among the many highlights, showcasing
multi-billion-dollar choices.
SGX unveiled a considerable development trajectory in its
FX futures, notably witnessing a record-high of two.2 million contracts in
renminbi FX futures in March 2023. This achievement represented a notable development price of 44% MoM. This was accompanied by an increase of 79%
YoY within the common each day quantity of renminbi futures.
