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More SGX FX futures traded in November amid surge in offshore yuan contracts

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About US$79.6 billion in USD/CNH futures on SGX were traded last month, climbing 38% y-o-y. The average daily volume rose to US$3.79 billion in November from US$3.02 billion a month ago.

Singapore

DESPITE subdued global currency markets, trading activity in foreign exchange (FX) futures on the Singapore Exchange (SGX) grew to US$110 billion in November, up 12.5 per cent month-on-month and 9 per cent year-on-year.

Nearly 1.88 million FX contracts changed hands on...

sentifi.com

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