SGX’s flagship USD/CNH futures and INR/USD futures have become the second and eighth most traded FX futures contracts globally by DAV in the first quarter of 2025, according to SGX.
“Global investors are increasingly using our FX futures for price discovery and as effective and cost-efficient hedging instruments to manage heightened market and currency volatility. The deep liquidity of our FX futures continues to attract new market participants. Our SGX USD/CNH FX Futures – the world’s most liquid international renminbi futures contract with about 40% of volumes traded during U.S. and European time zones – have become an important source of liquidity and pricing reference point for global investors,” says KC Lam, global head of FX and Rates, SGX Group.
The SGX closed 18 cents higher or 1.348% up at $13.53 on Apr 16.
