Key Insights
SGX's derivatives volume in August 2023 increased by 16% month-on-month to 23.7 million contracts, with broad-based gains across equities, foreign exchange (FX), and commodities.
Commodity derivatives trading reached a record high, with volumes rising 52% year-on-year to 5 million contracts, driven by increased financial participation in iron ore, rubber, and dairy derivatives.
FX futures trading volume hit an all-time high, rising 26% month-on-month to 4.2 million contracts, with average daily volume reaching a record notional of almost US$12 billion.
AI Analysis
SGX is expected to maintain its bullish momentum in the coming months, driven by continued institutional interest in its derivatives products and Chin...
Market Outlook
Short-Term
In the short term, SGX's strong performance in August 2023 is likely to attract increased trading activity, particularly in commodity and FX derivatives, as investors seek to capitalize on market volatility and China's economic stimulus measures.
Long-Term
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