Nifty futures volumes on SGX decline 14% to 1.65 million in April

The Indian derivatives contracts traded on the Singapore Exchange (SGX) reported a drop in volumes for second straight month in April. The SGX Nifty 50 Index Futures volume was 1.65 million in April, 14 per cent lower compared to 1.92 million in March. 

Volumes are down 25 per cent since February, when Indian exchanges announced they were ending commercial licensing to overseas exchanges to curb offshore trading of domestic products.  

A total of 2.2 million SGX Nifty futures contracts were traded in February. Not just Nifty contracts but the total derivatives volume on SGX was 12 per cent lower in April, compared