SGX Named “Asia Exchange Of the Year” At Energy Risk Awards

SGX Named “Asia Exchange Of the Year” At Energy Risk Awards
28.11.2016 10:15 am

SGX Named “Asia Exchange Of the Year” At Energy Risk Awards

Trading Systems , Foreign Exchange

Singapore Exchange (SGX) has been named “Asia Exchange of the Year” by Energy Risk, adding to its earlier “Exchange of the Year” title at the magazine’s global awards.

Energy Risk, a Risk.net publication, presented its Asia awards at a gala dinner in Singapore on 24 November to recognise excellence across Asian commodities markets.

SGX, which pioneered Asia’s first electricity futures contract, has expanded its suite of commodity price-discovery tools, most recently in September with the introduction of the North Asia Sling, the second in its series of liquefied natural gas indices. The exchange also remains the world’s leader in rubber derivatives, with futures trading over the first half of 2016 rising 66% year-on-year and open interest in June accounting for 64% of the global market.

Loh Boon Chye, Chief Executive Officer of SGX, said, “We are honoured to be recognised by the industry for our innovation in delivering risk management tools that are essential to support the growth of the world’s commodity markets. This award builds on our momentum and leadership and we look forward to further enhancing the market’s development.”

In May, SGX was named “Exchange of the Year” at Energy Risk’s global awards in Houston – the first Asian exchange to receive the accolade.

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