, Singapore

Singapore's derivatives revenue increased by 10% to $83.3m

Total volumes increased to $48.6m contracts.

SGX derivatives continue to grow by 10% qoq, increasing 2Q18’s revenue, according to a report from OCBC.

Singapore’s derivatives revenue increased to $83.3m, with total volumes increased to $48.6m contracts.

SGX Nifty 50, FTSE China A50, Nikkei 225 and MSCI Singapore futures mainly contributed to the increase in volumes, but was offset by lower volumes in Iron Ore.

Further, SGX maintains leadership in different derivatives markets, with higher share across virtual steel mill chain and its key FX pairs. The average fee per contract was lower by 8% y-o-y at $1.07 as trading members cause a high growth in volumes.

OCBC expects 2H18 to include broad-based growth from securities market and derivatives businesses.  

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