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SGX sees 18% YoY rise in derivatives traded volume in December

Derivatives DAV grew 5% YoY.

The Singapore Exchange (SGX) saw an 18% year-on-year (YoY) rise in derivatives traded volume in December to an all-time high of 298.4 million contracts.

In the same month, the derivatives daily average volume (DAV) grew 5% YoY to 1.1 million contracts.

For 2024, the derivatives DAV rose by 18% at 1.2 million contracts.

SGX attributed the growth to the new stimulus measures introduced by the Fed rate cuts and China’s policymakers which offered global investors more opportunities to access its equities, foreign exchange (FX), and commodities.

The bourse’s China A50 Index Futures traded volume also rose 14% YoY in December to 8.5 million contracts. This brings the tally for 2024 up 17% YoY to 103.2 million contracts, the highest since its launch in September 2006.

The DAV for the index increased 9% YoY in December to 388,424 contracts.

The SGX FTSE Taiwan Index Futures volume grew by 11% in 2024, reaching a record 18.6 million contracts, driven by growth in Taiwan’s tech- and semiconductor-heavy equities market, which was fueled by sustained AI investment.

Meanwhile, the SGX INR/USD FX Futures traded volume jumped 76% YoY in December to a record 1.8 million contracts whilst the SGX USD/CNH FX Futures traded volume rose 24% YoY in December to 3.4 million contracts.

In addition, the Straits Times Index (STI) rose 1.3% in December to 3,787.60, marking a 17-year high and ending 2024 with a 16.9% gain as ASEAN's top-performing index.

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