In early 2026, SGX reported that monthly traded value in its Index Futures reached $49b — boosted by institutional flows and earnings announcements by index heavyweights.

Wider access does not necessarily create equal informational footing. Retail participation in cash equities reached a four-year high in 2025, whilst retail investors accumulated about $2.6b in net purchases of Singapore stocks. The Indian experience makes visible a broader challenge relevant to Singapore: Participation can expand faster than confidence in informational equality. Information gaps become behavioural gapsUneven information does more than affect prices. Singapore does not need to replicate the experience of larger retail-heavy markets to learn from them.