SGX FX

We’re delighted to share that we have been awarded the Best Forex Solution of the Year at the prestigious Hedgeweek European Emerging Manager Awards 2024!  🏆 Receiving this award for the second year in a row reaffirms our position as a leader in the FX industry and motivates us to continue setting new standards of excellence. We remain committed to innovating and delivering cutting-edge solutions that empower our clients to achieve their financial goals. Special thanks to Hedgeweek for this honor, winning this award reinforces SGX FX’s position at the forefront of technological innovation in the global FX market. Read more - https://bit.ly/3Zh1qew #hedgeweek #hedgeweekawards #bestfxsolution #fxmarkets #fxworkflow #fxautomation

We're sponsoring the Cutter Connect Conference in Naples, FL, from November 18-20, 2024! It's an exciting opportunity to connect with industry leaders, explore cutting-edge research, and discuss the future of operations and technology in asset management. If you're attending, make sure to visit our booth (#4) to learn more about how our solutions can transform your business. See you there! Cutter Associates | Scott Gold | Michael Langon

As ballots from the U.S. elections are tallied, the world’s investors are choosing SGX Group as their trusted venue to manage risk across multiple asset classes. SGX FTSE China A50 Index Futures traded volume rose to about 441k contracts (US$6 billion notional) today, up 16% from a daily average volume (DAV) of 381k contracts (US$4.6bn) for the third quarter. Ahead of the polls, open interest in the contract – the world’s most liquid international futures for Chinese equities – was 33% higher y-o-y at 1.12 million lots (US$15bn). The volume of SGX USD/CNH FX Futures – the world’s most widely traded international renminbi futures contract – climbed to 335k contracts (US$33.5bn) today, compared with DAV of 148k contracts (US$14.8bn) last month. SGX INR/USD FX Futures volume has also surpassed October DAV ahead of market close, trading more than 1.6 times higher, while SGX KRW/USD FX Futures volume has set a single-day screen record. In the lead-up to the elections, as well as the Federal Reserve meeting later this week, U.S. Treasury Bond yields have climbed, driving increased demand for liquid and efficient portfolio risk management. The U.S. elections cap a remarkable year for voters, with half the world’s population going to the polls in over 60 countries – including key Asian economies Taiwan, Indonesia, South Korea and India. Global market participants can look to SGX Group to keep #AsiaSimplified. SGX FX | #EquityDerivatives #FX #Derivatives #Trading #RiskManagement #USElections

As ballots from the U.S. elections are tallied, the world’s investors are choosing SGX Group as their trusted venue to manage risk across multiple asset classes. SGX FTSE China A50 Index Futures traded volume rose to about 441k contracts (US$6 billion notional) today, up 16% from a daily average volume (DAV) of 381k contracts (US$4.6bn) for the third quarter. Ahead of the polls, open interest in the contract – the world’s most liquid international futures for Chinese equities – was 33% higher y-o-y at 1.12 million lots (US$15bn). The volume of SGX USD/CNH FX Futures – the world’s most widely traded international renminbi futures contract – climbed to 335k contracts (US$33.5bn) today, compared with DAV of 148k contracts (US$14.8bn) last month. SGX INR/USD FX Futures volume has also surpassed October DAV ahead of market close, trading more than 1.6 times higher, while SGX KRW/USD FX Futures volume has set a single-day screen record. In the lead-up to the elections, as well as the Federal Reserve meeting later this week, U.S. Treasury Bond yields have climbed, driving increased demand for liquid and efficient portfolio risk management. The U.S. elections cap a remarkable year for voters, with half the world’s population going to the polls in over 60 countries – including key Asian economies Taiwan, Indonesia, South Korea and India. Global market participants can look to SGX Group to keep #AsiaSimplified. SGX FX | #EquityDerivatives #FX #Derivatives #Trading #RiskManagement #USElections

We are excited to share that SGX KRW/USD FX Futures set a new record in October with a traded volume of US$7.2 billion, up 🚀 150% year-on-year, and a new daily average volume (DAV) record of US$361 million (representing a daily volume of 19,156 lots). Active market participation during US and European hours also pushed T+1 session volumes to a record US$3 billion, making up 42% of the total volume. Open Interest for SGX KRW/USD FX Futures closed at US$ 745 million for the month, up ✨ 400% year-on-year and 64% month-on-month, driven by a diverse range of market participants. Despite challenges for the Korean Won due to the strong dollar and uncertainty around China’s stimulus plan, positive sentiment was driven by the inclusion of South Korean government bonds in the FTSE Russell Global Bond index and a rate cut by the Bank of Korea. The Won’s implied volatility remained high, highlighting the dynamic market conditions and the need for deep market liquidity. During Korea’s public holidays in early October, SGX KRW/USD FX Futures remained available for trading, with a tight 2-tick bid-offer spread, ensuring seamless trading amid global events. It’s noteworthy that SGX holds the largest offshore KRW Futures market share - with 84% volume and 98% open interest. Speak with our team today to find out more about managing your global FX risks. #SGXFX #KRW #USD #FXmarkets #FXtrading #globalfx #bankofkorea #FXrisk

✨ Happy Deepavali from SGX Group! ✨ As we celebrate the Festival of Lights, may this Deepavali bring boundless joy, robust health, and abundant prosperity to you and your loved ones. Let the light of diyas guide you towards happiness and success, illuminating your path with hope and positivity. From all of us at SGX Group, we wish you a sparkling and joyous Deepavali! 🪔

SGX FX made a splash in New York last week! We hosted an enjoyable client networking event and it was a wonderful opportunity to connect with both existing and new clients, as well as partners, over an enjoyable evening of drinks, along with a whiskey tasting booth that everyone raved about. Seeing the appreciation from our attendees reinforced the importance of fostering these connections. We’re grateful for everyone who joined us and look forward to more evenings filled with great conversations and camaraderie. 

Last week in Toronto, we had a valuable opportunity to host dinner for several buyside participants. The event provided a fantastic platform to delve into crucial advancements shaping FX trading's future. Key discussions included the value of streaming liquidity for NDFs and Emerging Market currencies, as real money firms are generally more affected adversely by information leakage resulting from RFQs. Superior streaming platforms are exceeding traditional solutions by offering invaluable liquidity. The ability to store and monitor streaming liquidity 24x6 is a huge advantage as this is not possible with legacy RFQ technology. The conversations also highlighted the increasing need for workflow automation tailored to client specifications, allowing traders to focus on complex tasks and monitor their streaming prices to mitigate costs and risks. Innovations in the EMS space are eagerly sought for their potential to reduce expenses, while optimising execution processes. To that end, having best-in-class systems is key. Desktop interoperability promises to transform trading desks by enabling seamless communication across preferred EMS, OMS, and risk management systems. Finally, expanding TCA to include Liquidity Provision Analytics (LPA) provides a competitive edge by offering comprehensive price analytics that can be overlayed on top of trade data. These insights pave the way for more strategic, cost-effective trading approaches. We're thrilled about these developments and remain dedicated to supporting your journey ahead in FX trading. Chat with our team if these are topics that resonate with you. #SGXFX #emergingmarkets #NDF #fxworkflow #fxautomation #EMS #OMS #LPA #TCA Scott Gold | Michael Langon | Alan Dweck

The SimCorp APAC Summit today underscored SimCorp's influential role in reshaping the investment management software landscape. We were privileged to engage with their forward-thinking product strategy and roadmap, which highlighted their unwavering commitment to innovation and the integration of AI into their solutions. The discussions around SimCorp One further emphasised their dedication to providing advanced tools that empower financial institutions worldwide. As a strategic partner, we take immense pride in collaborating with SimCorp, and we remain excited about the future possibilities as they continue to lead the industry with their pioneering solutions. Overall, a great day spent at the event! #SGXFX #SimCorpAPACSummit #fxautomation #ems 

SGX FX allows clients to extract precise information on their interactions, the market and the way they trade. For example, when a trader gets into the office, they can get a report that tells them that they are not dealing as much with a particular client or liquidity provider and the reason why. Another possible use case is to highlight potential execution strategies for a trade. “The trend is more electronification, more demand for insights and more demand for automation,” said Lee. “Once you give clients the right data, you can build that whole flywheel of adoption.” It was a pleasure to discuss this, amongst other topics, with Shanny Basar of Markets Media, thank you for making time for this feature article. Follow the link in the comments section to check out this story in full. Beng Hong LEE #SGXFX #OTCFX #FXfutures #FXoptions #efx #fxtrading #fxautomation #TONA #CNH #KRW #INR