The Singapore Stock Exchange (SGX) yesterday released trading data for November 2022, showing a record breaking currency trading activity and driving an increase in derivative trading volume.

Specifically, the total trading volume of derivatives on the exchange in November increased by 30% year-on-year, reaching 23.7 million contracts, the highest value since March 2022, while the daily average trading volume (DDAV) increased by 27% year-on-year, reaching 1.1 million contracts. In November, the trading volume of the FTSE A50 index futures, the most liquid international contract for Chinese stocks in the world, increased by 24% year-on-year to 9.3 million contracts.

The total trading volume of stock derivatives on the Singapore Exchange increased by 17% year-on-year in November, reaching 15.5 million contracts. The total trading volume of currency futures increased by 104% year-on-year, reaching a record high of 4 million contracts.

The trading volume of commodity derivatives in November increased by 57% month on month, reaching 3.7 million contracts, the highest value since March 2022.

In November, the trading volume of the Singapore Stock Exchange stock market increased by 18% month on month to S $27.2 billion, while the daily average of securities increased by 7% month on month to S $1.2 billion. The transaction volume of exchange traded funds (ETFs) increased by 18% month on month to S $389 million.