SGX derivatives break volume record with China futures

Derivatives' single-day volume hit 2,872,861 lots on 25 February.

The Singapore Exchange’s (SGX) derivatives volume hit a record-high on 25 February with single-day volume reaching 2,872,861 lots and open interest hitting 6,387,953 lots.

SGX’s Derivatives unit covers equity indices, FX and commodities, particularly in emerging markets in Asia.

An SGX spokesperson told Singapore Business Review, “It was largely driven by our China A50 index futures, an important risk-management tool for global portfolio managers seeking offshore access to China.”

In order to enhance its competitiveness, the spokesperson added that they collaborated with Eurasia Group, which produces political risk analysis for their EM Asia suite of investment and risk-management tools.