SGX’s November Renminbi Futures Strike All-Time High Amidst Volatility

[kreslik.news]

The Singapore Exchange (SGX) has reached a new milestone in November, scoring an all-time time in its open interest for USD/CNH futures in what has been billed as one of the wildest trading months of the calendar year, per a company statement.

USD/CNH futures contracts have been growing in every month since June 2016, with the past few months surpassing previous yearly highs set back in January 2016. November 2016 reached a new threshold, seeing a fresh all-time high during the month, including 21,083 contracts ($2.1 billion in notional value outstanding) on November 28th.

Volatile Trading Sparks Record Volumes 

The primary causes of ... (read more)