Singapore Exchange (SGX Group) today reported double-digit gains in June for both derivatives volume and securities turnover as global markets closed out a volatile quarter, capping a strong performance for the financial year.
Derivatives traded volume rose 17% year-on-year (y-o-y) in June to 26.1 million contracts, as daily average volume (DAV) gained 9% y-o-y to 1.3 million contracts. For July 2024 to June 2025 (FY2025), total volume climbed 17% to 315.8 million contracts, with DAV up 17% at 1.3 million contracts.
Securities market turnover increased 23% y-o-y for the month to S$26 billion, while securities daily average value (SDAV) rose 12% y-o-y to S$1.2 billion. For FY2025, turnover gained 28% to S$336.4 billion, with SDAV up 27% at S$1.3 billion.
Key highlights:
- Most trusted venue for Asian equity derivatives: On SGX Equity Derivatives, enhanced overnight orderbook quality lifted T+1 volume by 37% y-o-y in FY2025 to 27.1 million contracts. This boosted total traded volume by 10% y-o-y to 175.7 million contracts, reinforcing the venue’s position as the international gateway of choice for Asian equity derivatives among global institutions.
- Unrivalled A50 leadership: SGX FTSE China A50 Index Futures traded volume rose 28% y-o-y in June to 8.6 million contracts, with open interest (OI) reaching a single-day record of 1.3 million lots (US$17.8 billion notional) on 26 June. For FY2025, volume of the contract – the world’s most liquid international futures for Chinese equities – climbed to a record-high 457,672 lots.
- More FX milestones: Total FX futures traded volume increased 50% y-o-y in June to 6.7 million contracts, lifting the FY2025 tally by 55% to 40.6 million contracts. For June, SGX USD/CNH FX Futures volume gained 45% y-o-y to 3.5 million contracts, while SGX INR/USD FX Futures volume gained 39% y-o-y to 2.4 million contracts. SGX TWD/USD Full-Sized Futures clocked new milestones, with DAV of US$48 million – the highest since the contract’s debut in 2020 – while a new single-day volume record of US$126 million was set on 27 June. Over-the-counter (OTC) FX average daily volume (ADV) expanded 28% y-o-y in FY2025 to a record of about US$143 billion.
- Expansion in EM currency derivatives: Duringthe month, SGX Group launched Brazilian Real (BRL) futures in partnership with the Brazilian stock exchange B3, marking its expansion into emerging market (EM) currency derivatives beyond Asia. With a competitive bid-ask spread and 98% of volumes traded during Asian hours, SGX Group is well-positioned as the leading price-discovery venue for Brazilian real futures during Asian and early European hours.
- Record year for commodities: On SGX Commodities, total derivatives traded volume rose 14% y-o-y in June to 5.8 million contracts. This boosted the FY2025 tally by 6% to a record 65.3 million lots, with broad-based gains across benchmark iron ore, SGX SICOM rubber, petrochemicals and dairy contracts. For June, the Panamax suite of contracts was a highlight for freight derivatives as strong grain-trade flows lifted volume to a one-year high. Energy metals volume and average OI both climbed to a record in June amid heightened price volatility in the lithium hydroxide market.
- Highest cash SDAV in four years: On SGX Securities, cash SDAV increased 27% y-o-y in FY2025 to S$1.3 billion, the highest in four years, outperforming all ASEAN peers by pace of growth. Singapore’s stock market remained among the region’s most-actively traded, with the bellwether Straits Times Index (STI) advancing 1.8% m-o-m in June to 3,964.29, just shy of record highs. The STI delivered 19% returns in FY2025, with reinvested dividends boosting total returns to 25%.
- ETF and SDR AUM climb to new peaks: The market turnover value of exchange-traded funds (ETF) rose 66% y-o-y in June to S$453 million. Assets under management (AUM) gained 32% y-o-y, surpassing S$14 billion for the first time. During the month, gold and SGD Fixed Income ETFs recorded S$250 million combined inflows. With the addition of new Hong Kong and Thai underlyings in June, total AUM for Singapore Depository Receipts (SDR) crossed S$100 million.
The full market statistics report can be found here.
