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SGX Commodity Derivatives Volumes Set for Annual Record
Trading volumes of commodity derivatives at SGX climbed to a record 5.4 million contracts in September, a 77% year-on -year increase, as market participants have been hedging against volatility and managing risk. Benchmark iron ore derivatives volume jumped 85% in September which the Singapore exchange said was due to China’s stimulus measures and expansion of steel production which boosted hedging. Cheong Jin Yu, Director at SGX Group said at the SGX Commodities Day in London on 17 October that trading of iron ore derivatives this year has already exceeded the total volume traded in 2022. He highlighted the ... (full story)