Singapore Exchange (SGX) reported Friday that optimism over China’s economic recovery combined with higher market volatility had boosted derivatives trading volume in May.
Derivatives traded volume rose 23 percent on-year in May to 22.3 million contracts, SGX said in a filing. The SGX FTSE China A50 Index futures posted volume rose 24 percent on-year to 8.6 million contracts, boosting total equity futures volume 21 percent on-year in the month to 15.7 million contracts, SGX said.
The SGX UD/CNH futures trading volume jumped 77 percent on-year in May to 1.5 million contracts, a record monthly volume of nearly US$155 billion in notional terms, SGX said. Overall foreign exchange futures volume for May rose 62 percent on-year to 3.3 million contracts, the filing said.
In addition, the China outlook boosted commodity derivatives volume, SGX said, noting petrochemicals derivatives volume climbed 141 percent on-month to 4,459 contracts.