SGX FX volume reached US $ 107.8 billion in February 2022

Singapore Exchange (SGX), the country’s largest exchange operator, has released monthly volumes per FX, derivatives and commodities for February 2022.

The total futures of FX futures on SGX stood at US $ 107.8 billion, with interest rates rising 56 percent and US $ 13.9 billion at the end of the month.

The exchange rate for the USD / CNH Futures contract increased by 823,524 contracts, up 15 percent from a year ago. In addition, open interest recorded a record US $ 12.4 billion in February 2022. The figures show a strong improvement over the month before the Lunar New Year, with volatility declining in Reminby.

Under high risk, CNH or Coastal RMB is becoming increasingly safe, and the SGX contract is the future of CNH, the most traded currency in the world.

Meanwhile, the daily averages for SGX rose to 1.06 million contracts in February, up 5% year-on-year and the highest level since March 2020. – With up to 13.4 million contracts per month, FTSE China A50 Index Futures’ continued activity is one of the signs that the Maineland economy is expected to slow down in the near future.

SGX is now Asia’s largest FX stock exchange.

As the crisis in Ukraine exacerbated the volatility of the global market, SGX commodities rose 36 percent in February to 2.5 million contracts. Securities Daily Average (ADV) rose 36 percent per month to S $ 1.6 billion, the highest since March 2021. Total securities market value rose 16 percent to S $ 29.6 billion.

Companies listed by SGX continued to move the equity capital markets to new headlines in February, paying $ 244.8 million in February, up 31 percent.

In early January, SGX completed the acquisition of the FX trading platform MaxxTrader to expand its foreign exchange market. With fully integrated BidFX, SGX is now Asia’s largest FX stock exchange. The agreement is in line with Singapore’s plan to build an integrated platform for making FX OTC and future participants more accessible.

SGX acquired MaxxTrader from FlexTrade Systems, a leading provider of multidisciplinary and command management systems for $ 125 million. The Singapore-based platform provides FX pricing and risk solutions for retail companies, including banks and brokers, as well as a multi-brokerage platform for hedge funds.

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