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SGX derivatives set new single-day volume record of 1.8 million contracts

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The total volume of Singapore Exchange's (SGX) derivatives products jumped to a record 1.8 million on April 27, versus a previous record of 1.6 million set on January 27.

The total volume of Singapore Exchange's (SGX) derivatives products jumped to a record 1.8 million on April 27, versus a previous record of 1.6 million set on January 27.

This was powered by strong trading volumes in SGX FTSE China A50 Index Futures and India-related futures.

A day later on April 28, the SGX FTSE China A50 Index Futures also witnessed an unprecedented surge in contracts traded. Volumes topped one million in the day trading session alone with a total of 1.04 million contracts changing hands.

The volume of the China A50 Index futures has rallied since Q4 2014. In Q1 2015, 17.9 million contracts were traded, up from 17.4 million in the preceding quarter.

As at April 28, monthly volume topped 8.3 million - an increase of 19 per cent from 6.9 million in March. The daily average volume jumped to 435,721, up 38 per cent from March.

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