SGX Singapore equity derivatives activity stays strong in March

MSCI Singapore and Micro STI contracts gain momentum.

Singapore-linked equity derivatives on SGX remained resilient in March, with MSCI Singapore futures maintaining a daily average volume of about $2.5b (US$2b) and the SIMSCI NTR contract reaching a record open interest of $651.7m (US$512m).

SGX said Singapore equities showed lower drawdowns than most Asian peers during volatility linked to escalating tensions in the Middle East.

It added that Micro SGX Straits Times Index futures also gained traction, with daily average volume reaching 2,000 contracts in March and rising sixfold to 3,400 lots in the fourth week of trading.

The exchange said the MSCI Singapore equity suite continued to expand its market share. SIMSCI futures recorded a daily average volume of 59,700 lots in March, whilst open interest stood at 190,700 lots, equivalent to $8.3b (US$6.5b).

SIMSCI NTR futures open interest reached 4,600 lots, or $651.7m (US$512m), up 44% QoQ.

Beyond Singapore, SGX said trading in GIFT Nifty 50 Index futures jumped 47% MoM to a record 145,300 contracts worth $8b (US$6.3b), supported by heightened India volatility and demand for offshore hedging.

It also highlighted FTSE Russell’s confirmation of Vietnam’s upgrade to emerging-market status, with SGX’s FTSE Vietnam 30 futures positioned as the only liquid offshore futures contract for investors seeking access to that market.

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