Similarly, securities daily average value (SDAV) on SGX grew 10% y-o-y in December 2022, while total securities market turnover value was flat.
In line with the global trend of increasing investor appetite for ETFs, the Singapore Exchange Group (SGX Group) saw ETF market turnover value increase 29% to $411 million in December, the highest since April 2022. This is up from $348 million in November 2022, which was, in turn, up from $330 million in October 2022.
Derivatives daily average volume (DDAV) rose 8% y-o-y in December 2022, capping 4Q2020 with a 19% rise to 1.1 million contracts. Total derivatives traded volume for the quarter across equity, foreign exchange and commodities grew 18% y-o-y to 65.5 million contracts.
