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SGX wins 'Best Asia FX Derivatives Exchange' for eighth consecutive year, 1QFY2025 FX futures volume grew 45% y-o-y

Nicole Lim
Nicole Lim • 1 min read
SGX wins 'Best Asia FX Derivatives Exchange' for eighth consecutive year, 1QFY2025 FX futures volume grew 45% y-o-y
Global investors are increasingly using SGX’s FX futures for price discovery and as cost-efficient hedging instruments to manage heightened market and currency volatility, says global head of FX and rates at SGX Group KC Lam. Photo: Bloomberg
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The Singapore Exchange (SGX:S68) (SGX) has been awarded the ‘Best Asia FX Derivatives Exchange’ at the FX Markets Asia Awards for the eighth consecutive year, according to a release dated Apr 16. 

The SGX recorded FX futures volume of US$4.1 trillion ($5.39 trillion) in 2024, a 40% y-o-y growth. In 1QFY2025 FX futures volume increased 45% y-o-y to US$1.2 trillion, while daily average volume (DAV) was up 47% y-o-y to US$20.3 billion.

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. 

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