The Singapore Exchange (SGX Group) has unveiled its
market statistics for November 2023, highlighting high volumes in commodities,
FX, and REITs. This latest report disclosed a shift in investors’ sentiment across
various sectors.

The derivatives market led the charge with a surge
of 8% month-on-month, trading 22.4 million contracts. Notably, SGX FX
witnessed a boost of 25% in FX futures volume, hitting over 4 million
contracts. SGX USD/CNH Futures, a key international RMB futures
contract, surged by 33% year-on-year (YoY), reaching 2.7 million contracts. The
appreciation of the RMB spurred this growth, especially as exporters engaged in
year-end FX conversions.

Similarly, SGX INR/USD Futures, among the top 10
traded listed FX futures globally, saw an increase of 13% month-on-month increase,
trading 1.1 million contracts.

Expect ongoing updates as this story evolves…

The Singapore Exchange (SGX Group) has unveiled its
market statistics for November 2023, highlighting high volumes in commodities,
FX, and REITs. This latest report disclosed a shift in investors’ sentiment across
various sectors.

The derivatives market led the charge with a surge
of 8% month-on-month, trading 22.4 million contracts. Notably, SGX FX
witnessed a boost of 25% in FX futures volume, hitting over 4 million
contracts. SGX USD/CNH Futures, a key international RMB futures
contract, surged by 33% year-on-year (YoY), reaching 2.7 million contracts. The
appreciation of the RMB spurred this growth, especially as exporters engaged in
year-end FX conversions.

Similarly, SGX INR/USD Futures, among the top 10
traded listed FX futures globally, saw an increase of 13% month-on-month increase,
trading 1.1 million contracts.

Expect ongoing updates as this story evolves…