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SGX and ICE Futures Singapore upgrades: settlement prices, back-adjustment, and open interest

Oct 15, 2024

Today, we’re announcing new improvements to TradingView’s futures data, focusing on contracts from the Singapore Exchange (SGX) and Intercontinental Exchange (ICE Futures Singapore). These updates are crafted to boost data visibility and accuracy on your charts, offering you even deeper insights for informed trading. Let’s take a look at what’s new.

Choosing between settlement or last price

One of the key updates now allows you to choose between the settlement price and the last price as the closing value on your charts. The settlement price, calculated at the end of the trading day by averaging the final bid/ask prices and other values, gives traders a more stable reference point for gauging their gains or losses.

To switch between using the settlement or last price, click the SET button at the bottom of your chart, or you can enable the “Use settlement as close on daily interval” option from the chart settings menu.

Please note that settlement prices will only appear on daily intervals, not during intraday periods. If you need more information about the difference between the two values, you can find further details in our Help center.

Back-adjusting contracts in continuous futures

Another powerful feature we’ve added is the ability to back-adjust contracts in continuous futures. This helps smooth out price differences that occur when switching between futures contracts, eliminating any roll gaps.

When the chart shifts to a new contract, the system calculates a coefficient based on the price difference between the old and new contracts. This adjustment ensures previous contracts align better, offering a more consistent historical view.

By default, this feature is turned off. To enable it, simply click the B-ADJ button at the bottom of the chart, or select “Adjust for contract changes” from the chart settings. You can find additional details in our Help Center to help guide you.

Open interest value on the chart

Lastly, we’ve introduced the ability to view the open interest value for Singapore futures. Open interest represents the total number of active contracts that haven’t been settled. It’s an important metric for gauging market activity.

To see open interest data, head to the “Indicators, Metrics & Strategies” menu, and search for the Open Interest indicator. 

We hope these updates to futures from the Singapore Exchange and the Intercontinental Exchange will help you better understand the futures markets and develop more informed strategies. Don’t forget that our platform reliably connects to hundreds of data feeds, providing direct access to 2,019,615 instruments from around the world. All this makes TradingView your only needed point of entry for everything markets.

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