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SGX derivatives trade volume climbs 24% in February

SGX MSCI Singapore Index Futures volume gained 10% YoY.

Derivatives daily average volume rose 24% in February 2024 from a year ago to 1.3 million contracts, according to the Singapore Exchange (SGX). This is also 10% higher compared to January 2024.

Total derivatives traded volume grew 9% YoY to 21.9 million.

Equity market participants benefited from unfettered access to SGX Equity Derivatives, with deep liquidity observed in China and Taiwan index futures. 

SGX FTSE China A50 Index Futures’ volume grew 8% YoY to 8 million contracts, with DAV rising to 534,972 lots, reportedly the highest since August 2020.

The SGX FTSE Taiwan Index Futures volume gained 1.3 million contracts.

Meanwhile, commodity derivatives traded volume rose 39% YoY in February to 4.9 million contracts with Benchmark iron ore futures volume increased 41% YoY to 4.3 million contracts.

Securities daily average value (SDAV) on SGX securities also grew 34% MoM in February to $1.3b despite fewer trading days in contrast with January.

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