- Double win underscores the strength of our unified ecosystem across exchange-traded and over-the-counter (OTC) FX
SGX Group, along with SGX FX, have been honoured with two top accolades at the Euromoney FX Awards 2025, one of the industry’s most prestigious awards recognising excellence, innovation and leadership in the global foreign exchange (FX) market.
SGX Group was named “World’s Best FX Exchange”, a recognition of its global leadership in Asian currency derivatives. SGX FX – one of the top three exchange-backed OTC FX venues globally – clinched the award for “World’s Best Solution for FX Non-Deliverable Forwards (NDFs)”.
Janice Kan, Managing Director and Head of Derivatives at SGX Group, said, “This accolade is a testament to the trust our members and clients place in us, and demonstrates SGX Group’s unique role in bridging global investors with Asian growth opportunities. Capitalising on our multi-asset platform, we have established a highly liquid international marketplace for continuous price discovery in key currency futures – including offshore renminbi, Indian rupee and South Korean won. With one of the most diverse and comprehensive product offerings in the region, we are committed to driving innovation and empowering market participants to manage risks effectively.”
Jean-Philippe (JP) Malé, CEO of SGX FX, said, “Winning this Euromoney award is an incredible achievement and one that belongs to our clients as much as it does to us. This recognition validates our client-first approach in delivering transparency, efficiency and depth that few others can match. What sets SGX FX apart is how we’ve built a unified OTC and listed FX ecosystem – bringing together multiple liquidity pools, innovation and data-driven execution. We’re especially known for our strength in emerging market currencies, supported by regional banks and local specialists, offering a robust and reliable solution for NDF market participants.”
In FY2025, SGX Group achieved record FX futures volume of 40.6 million contracts, a 55% year-on-year (y-o-y) growth, reinforcing its position as the world’s largest and most liquid Asian FX futures exchange. Meanwhile, SGX FX’s average daily volumes rose 28% to a record US$143 billion, the fastest y-o-y growth among peer exchanges.
