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

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 the Singapore bourse last month, bringing the year-to-date (YTD) volume to 21.5 million contracts worth some US$1.2 trillion, SGX said on Friday.

Global financial markets have been relatively less volatile for most of this year with no sustained …