SGX still losing Eurodollar volume

Eurodollar volumes on Singapore Exchange (SGX) continued to slide last month, with 26,000 lots per day traded in July - down 52% from the 55,000 lots recorded earlier this year and sharply down from the 76,000 contracts traded daily in July 2003.

Brokers told FO Week that business is migrating to CME's Globex platform and that Euronext Liffe's incentives will also eventually cut into SGX's market share.

Liffe said...