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SGX’s derivatives business continues to grow due to China's recovery: analyst

Total derivatives traded volume was 23.5m contracts.

Over four months since China reopened, an RHB analyst said SGX's derivatives business continues to grow, with total derivatives traded in March at 23.5 million contracts.

The derivatives daily average volume amounted to 1.02 million (-11% YoY, +2% MoM).

The DDAV for the third quarter of 2023 went down 3% year-on-year and for the first half of 2023, it was down 6% year-on-year.

FX futures traded volume rose 25% MoM to 3.7m contracts. SGX Commodities recorded a 20% MoM rise in total traded volume to 4.2m contracts – an all-time high.

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