SGX Discloses Strong Volumes for February 2018, FX Stagnates MoM

Singapore Exchange (SGX), the country’s paramount exchange operator, has just reported its monthly volumes across its derivatives and commodities business for February 2018, which showed a strong performance across multiple segments.

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The busiest February on global markets in many years is raising hopes among exchanges and market venues that 2018 will spark a long-awaited rebound in trading metrics.

SGX’s total turnover managed to snap out of a tight consolidation of volumes that has been largely intact in Q4 as the first two months of the new year did feature more activity across several relevant markets.

Over 19 trading days, SGX reported its securities volumes at S$32.8 billion in February 2018, up 12 percent month-on-month from S$29.4 billion in the month prior. The latest figures is the highest since May 2013 and also indicated a higher performance over a yearly timeframe, relating to a growth 16 percent year-over-year from February 2017.

SGX’s total FX futures were reported at 1.2 million contracts in February 2018, down 19 percent month-over-month from 1.4 million contracts in January 2018. However, FX futures were able to notch an advance of 99 percent year-over-year from February 2017.

Furthermore, the SGX’s daily average value of trading in the month of February 2018 yielded S$1.7 billion, up by a factor of 29 percent month-over-month from January 2018 – by extension, the average daily values of trading were higher by 22 percent year-over-year from February 2017.

SGX’s total market capitalization during February 2018 stood at $830.0 billion (S$1.1 trillion), unchanged month-over-month from the same figure in January 2018. This figure encompassed the total market cap for all 746 listed companies on the SGX, losing three listings since the previous month.

Finally, SGX managed to build on a recent upward trend in its derivatives business, which again moved higher in February 2018. More specifically, February 2018’s volumes rose to 18.1 million contracts traded, having climbed by 45 percent year-over-year from February 2017.

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