Singapore Exchange (SGX) reported significant increases in structured warrants and documentary letter of credit (DLC) trading during March, supported by directional positioning in Asian equities, alongside rising activity in special drawing rights (SDRs) and steady exchange-traded fund (ETF) inflows.

SGX saw a significant recovery in structured warrants in March, with daily average turnover rebounding 66% month on month to SG$10m, according to its recent  market update, which highlighted trading and flow developments across products.   Nikkei 225 Index put warrants were the strongest performers during the month Total traded turnover for the month reached SG$212m as the market displayed a marginally bullish bias, reflected in a 53 to 47 call to put