Staff Reporter , Singapore Photo from SGX FX futures traded volume rose 12% MoM in June to 3.3 million contracts. Foreign exchange (F
Staff Reporter
,
Singapore
Photo from SGX
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.
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