SGX Group hits news record for FX volume in June

FX futures traded volume rose 12% MoM in June to 3.3 million contracts.

Foreign exchange (FX) volume reached new records in June on the back of heightened risk-management activity, Singapore Exchange (SGX) Group reported.

“Uncertainties over the growth outlook in key Asian economies, coupled with continued tightening by major central banks around the world, bolstered risk-management activity on SGX FX,” SGX Group said.

In June, FX futures traded volume rose 12% MoM to 3.3 million contracts.
In the same month, the combined average daily volume (ADV) of FX futures and over-the-counter (OTC) FX contracts from BidFX, MaxxTrader and SGX CurrencyNode rose above US$100b for the first time.

SGX USD/CNH Futures volume likewise increased, climbing 16% MoM. Meanwhile, ADV also hit a record-high of 98,000 lots or US$9.8 billion national.

“SGX INR/USD Futures volume gained 11% MoM, with open interest setting a record 164,332 lots or US$4.1 billion notional on 26 June,” SGX Group reported.

Follow the link for more news on

SGX

Also Read

How Singaporeans stretch travel budgets without compromising on experience

EnterpriseSG and Afreximbank boost financing for firms expanding to Africa

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

Vibrant Group wins suit against Blackgold Australia

The group shall be paid damages and fees by Blackgold Australia’s ex-CEO and ex-chairman.

Lorem Ipsum text in year 2025

Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old.

Agribusiness

Lorem Ipsum is simply dummy text of the printing and typesetting industry.

Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old. Richard McClintock, a Latin professor at Hampden-Sydney College in Virginia, looked up one of the more obscure Latin words, consectetur, from a Lorem Ipsum passage, and going through the cites of the word in classical literature, discovered the undoubtable source. Lorem Ipsum comes from sections 1.10.32 and 1.10.33 of "de Finibus Bonorum et Malorum" (The Extremes of Good and Evil) by Cicero, written in 45 BC. This book is a treatise on the theory of ethics, very popular during the Renaissance. The first line of Lorem Ipsum, "Lorem ipsum dolor sit amet..", comes from a line in section 1.10.32.

Agribusiness

Secondhand furniture gains traction as Singaporeans embrace circular economy practices