SGX FX

November was a record-breaking month in the FX Futures market as SGX USD/CNH, KRW/USD, and INR/USD Futures reached several milestones, on the back of rising U.S. yields, market volatility, and a diverse group of global participants actively managing their currency risks. 🚀 USD/CNH FX Futures ● Daily Average Volume (DAV): 181,750 lots (US$18.2 billion) ● Aggregate Volume for November: 3.8 million lots (US$382 billion) ● Notably, over 38% of volumes were traded during the T+1 session (outside of Asian trading hours). 🚀 KRW/USD FX Futures ● Mini Futures Contract DAV: 26,233 lots (US$469 million) ● Total Monthly Volume saw a 40% uplift from October, to: 550,895 lots (US$9.9 billion) ● Single-Day Volume Record on 13 November: 76,444 lots (US$1.36 billion) ● On 6 November (U.S. Election Day), sharp movements in the market drove a single-day screen volume record of 50,150 lots (US$895 million). 🚀 INR/USD Futures ● Record DAV in November: 93,694 lots (US$2.22 billion) If you'd like to learn more about utilising FX Futures to manage currency risks or gain access to global block market makers, please don’t hesitate to reach out to our team! #SGXFX #FXmarkets #FXFutures #USD #CNH #RMB #KRW #INR #CurrencyMarkets

Decked out in some of our favourite colours! We had a wonderful time at Financial Market Association Malaysia’s (PPKM) annual gala dinner in Kuala Lumpur last Friday. It was a fantastic opportunity to connect with key participants across Malaysia’s financial markets, including FX market participants, corporate treasurers, banks, and central banks. Thank you to FMAM for organising such a remarkable event and we are already looking forward to next year’s gala. Here’s to continued collaboration and progress within Malaysia’s financial markets! Vinay Trivedi | Jean-Philippe Malé | Norliza Kamardin | Caroline Quah | Akhil Nair, CFA

The Finance Hive Live: Foreign Exchange EU Members Meeting is a great opportunity for heads of trading from the top bracket of Sovereign Wealth Funds, Pension Funds, asset managers, hedge funds and currency managers, to engage in thought-provoking roundtables, masterclasses, and solution spotlights. This year’s meeting takes place on December 5, 2024, at IET London, Savoy Place. Our team always looks forward to this annual flagship event to gain key insights from these discussions and connecting with top industry leaders! If you're attending, don't miss the chance to chat with us about enhancing your FX trading and workflow automation. #SGXFX #FinanceHive #FXmarkets #FXtrading #FXworkflow #automation Eric Marfat | Roger Lee | Alan Dweck

We are pleased to welcome Sumitomo Mitsui Banking Corporation – SMBC Group as a key Liquidity Provider! This partnership greatly enhances the liquidity and depth of SGX FX's offerings, benefiting traders and investors with improved access to Japan's financial markets. SMBC is a leading Japanese multinational institution headquartered in Tokyo, Japan, and brings its extensive expertise and global reach to SGX FX's growing network. The global bank operates across retail, corporate, and investment banking segments, offering comprehensive financial services worldwide. Read more details here – https://bit.ly/3CLxgqP Connect with us to learn more! #SGXFX #efx #FXLiquidity #OTCFX #USDJPY #Yen #SMBC 

We’re delighted to share that we have been awarded the Best Forex Solution of the Year at the prestigious Hedgeweek European Emerging Manager Awards 2024!  🏆 Receiving this award for the second year in a row reaffirms our position as a leader in the FX industry and motivates us to continue setting new standards of excellence. We remain committed to innovating and delivering cutting-edge solutions that empower our clients to achieve their financial goals. Special thanks to Hedgeweek for this honor, winning this award reinforces SGX FX’s position at the forefront of technological innovation in the global FX market. Read more - https://bit.ly/3Zh1qew #hedgeweek #hedgeweekawards #bestfxsolution #fxmarkets #fxworkflow #fxautomation

We're sponsoring the Cutter Connect Conference in Naples, FL, from November 18-20, 2024! It's an exciting opportunity to connect with industry leaders, explore cutting-edge research, and discuss the future of operations and technology in asset management. If you're attending, make sure to visit our booth (#4) to learn more about how our solutions can transform your business. See you there! Cutter Associates | Scott Gold | Michael Langon

As ballots from the U.S. elections are tallied, the world’s investors are choosing SGX Group as their trusted venue to manage risk across multiple asset classes. SGX FTSE China A50 Index Futures traded volume rose to about 441k contracts (US$6 billion notional) today, up 16% from a daily average volume (DAV) of 381k contracts (US$4.6bn) for the third quarter. Ahead of the polls, open interest in the contract – the world’s most liquid international futures for Chinese equities – was 33% higher y-o-y at 1.12 million lots (US$15bn). The volume of SGX USD/CNH FX Futures – the world’s most widely traded international renminbi futures contract – climbed to 335k contracts (US$33.5bn) today, compared with DAV of 148k contracts (US$14.8bn) last month. SGX INR/USD FX Futures volume has also surpassed October DAV ahead of market close, trading more than 1.6 times higher, while SGX KRW/USD FX Futures volume has set a single-day screen record. In the lead-up to the elections, as well as the Federal Reserve meeting later this week, U.S. Treasury Bond yields have climbed, driving increased demand for liquid and efficient portfolio risk management. The U.S. elections cap a remarkable year for voters, with half the world’s population going to the polls in over 60 countries – including key Asian economies Taiwan, Indonesia, South Korea and India. Global market participants can look to SGX Group to keep #AsiaSimplified. SGX FX | #EquityDerivatives #FX #Derivatives #Trading #RiskManagement #USElections

As ballots from the U.S. elections are tallied, the world’s investors are choosing SGX Group as their trusted venue to manage risk across multiple asset classes. SGX FTSE China A50 Index Futures traded volume rose to about 441k contracts (US$6 billion notional) today, up 16% from a daily average volume (DAV) of 381k contracts (US$4.6bn) for the third quarter. Ahead of the polls, open interest in the contract – the world’s most liquid international futures for Chinese equities – was 33% higher y-o-y at 1.12 million lots (US$15bn). The volume of SGX USD/CNH FX Futures – the world’s most widely traded international renminbi futures contract – climbed to 335k contracts (US$33.5bn) today, compared with DAV of 148k contracts (US$14.8bn) last month. SGX INR/USD FX Futures volume has also surpassed October DAV ahead of market close, trading more than 1.6 times higher, while SGX KRW/USD FX Futures volume has set a single-day screen record. In the lead-up to the elections, as well as the Federal Reserve meeting later this week, U.S. Treasury Bond yields have climbed, driving increased demand for liquid and efficient portfolio risk management. The U.S. elections cap a remarkable year for voters, with half the world’s population going to the polls in over 60 countries – including key Asian economies Taiwan, Indonesia, South Korea and India. Global market participants can look to SGX Group to keep #AsiaSimplified. SGX FX | #EquityDerivatives #FX #Derivatives #Trading #RiskManagement #USElections

We are excited to share that SGX KRW/USD FX Futures set a new record in October with a traded volume of US$7.2 billion, up 🚀 150% year-on-year, and a new daily average volume (DAV) record of US$361 million (representing a daily volume of 19,156 lots). Active market participation during US and European hours also pushed T+1 session volumes to a record US$3 billion, making up 42% of the total volume. Open Interest for SGX KRW/USD FX Futures closed at US$ 745 million for the month, up ✨ 400% year-on-year and 64% month-on-month, driven by a diverse range of market participants. Despite challenges for the Korean Won due to the strong dollar and uncertainty around China’s stimulus plan, positive sentiment was driven by the inclusion of South Korean government bonds in the FTSE Russell Global Bond index and a rate cut by the Bank of Korea. The Won’s implied volatility remained high, highlighting the dynamic market conditions and the need for deep market liquidity. During Korea’s public holidays in early October, SGX KRW/USD FX Futures remained available for trading, with a tight 2-tick bid-offer spread, ensuring seamless trading amid global events. It’s noteworthy that SGX holds the largest offshore KRW Futures market share - with 84% volume and 98% open interest. Speak with our team today to find out more about managing your global FX risks. #SGXFX #KRW #USD #FXmarkets #FXtrading #globalfx #bankofkorea #FXrisk

✨ Happy Deepavali from SGX Group! ✨ As we celebrate the Festival of Lights, may this Deepavali bring boundless joy, robust health, and abundant prosperity to you and your loved ones. Let the light of diyas guide you towards happiness and success, illuminating your path with hope and positivity. From all of us at SGX Group, we wish you a sparkling and joyous Deepavali! 🪔