SGX sees new FX records
INR/USD and USD/CNH monthly volumes break new records after 59% FX futures volume growth in 2017
Aggregate FX futures volumes on Singapore exchange SGX hit a new record in January, pushing above the $65 billion aggregate mark for the first time.
In 2017, SGX saw a 59% growth in its FX futures volumes, with trading in its flagship INR/USD and USD/CNH contracts soaring to record highs. Average daily volumes in FX futures hovered above $3 billion through January and USD/CNH volumes saw 10 consecutive billion dollar trading days on the exchange.
USD/CNH volumes also set a new record for the
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