Open interest in FX futures grows in Singapore

SGX reports record FX futures volume for the quarter, with USD/CNH and INR/USD driving activity

singapore-waters0518

Trading in foreign exchange futures on the Singapore Exchange (SGX) notched a new high in the first quarter, as open interest in the Chinese yuan and the Indian rupee rose in response to geopolitical developments.

FX futures volume was logged at $290 billion, or 5.35 million contracts, for the first three months of 2019, the SGX said in its monthly newsletter. That was a record for any quarter in the exchange’s history.

For March alone, volume was $99.6 billion notional, compared with $54

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.fxweek.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: