SGX: China optimism boosted May trading

SGX building signage in SingaporeSGX building signage in Singapore

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.

Read more details of monthly trading statistics.