SGX reports June total derivatives volume climbed 17 percent

SGX ticker at Shenton Way building in Singapore; taken October 2018.SGX ticker at Shenton Way building in Singapore; taken October 2018.

Singapore Exchange reported Tuesday total derivatives traded volume climbed 17 percent on-year in June to 20.8 million contracts, although that was down 14 percent from May.

“Significant political events have shaped sentiment across emerging Asian markets in recent months, supporting demand for Asian risk management and trading solutions as investors continually readjust their portfolios,” SGX said in a statement.

It noted SGX was the only exchange in Asia to offer futures contracts on both price return and net total return (NTR) versions of MSCI’s equity indexes.

SGX said its MSCI NTR futures set new records in June amid continued institutional demand for Asian risk management and trading services.

The NTR futures portfolio’s volume nearly doubled on-year to a record 1.4 million lots in June, with open interest at a record high of 1.0 million lots on 20 June, SGX said.

In addition, volume of SGX’s USD/CNH futures neared the 1 million traded mark in June, up 10 percent on-month and 113 percent on-year, SGX said.

“While analysts expect varied market reactions to the U.S.-China trade situation to continue in the short term, China’s growth remains a secular driver and long-term opportunity for investors,” SGX said.

The securities market turnover value fell 5 percent on-month in June to S$21.9 billion, while the securities daily average value rose 5 percent to S$1.2 billion, SGX said.

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