- Second consecutive win for Asia-Pacific’s Best FX Exchange by Euromoney
- Energy Risk Asia lauded SGX Commodities as the clear winner amid strong competition
Singapore Exchange (SGX Group) has clinched prestigious FX and Commodity Exchange awards from industry-leading publications, highlighting its market innovation and consistent volume growth. These accolades underscore SGX Group’s constancy and commitment in serving the risk-management and investment needs of global market participants, especially in volatile markets.
SGX FX was named “Asia-Pacific’s Best FX Exchange” at Euromoney’s Foreign Exchange Awards for the second consecutive year. This recognition, since the category’s inception last year, acknowledges the growing significance and unique dynamics of the Asia-Pacific foreign exchange markets.
Euromoney cited SGX FX’s growing volumes in its Chinese Renminbi (CNH), Indian Rupee, Korean Won and Thai Baht offerings, along with its continued innovation, as key factors for the win. SGX FX actively seeks feedback from market participants to enhance its products and services, broadening adoption via its unique coverage across both listed futures and over-the-counter (OTC) markets.
KC Lam, Global Head of FX and Rates, SGX Group, said, “Our customers’ trust and success drive us to continually enhance our offerings, which has, in turn, increased volumes and liquidity across our rapidly growing suite of Asian FX futures contracts.”
SGX Commodities also won the “Commodity Exchange of the Year” title at the Energy Risk Asia Awards. This award recognises achievements in volume growth, product and geographic expansion, risk management and resilience. SGX Commodities stood out amid strong competition, thanks to its innovative approach and consistent efforts in building a relevant commodities risk management and price discovery venue, especially during times of intense volatility.
In a relatively short time, SGX Commodities has distinguished itself with unique value propositions across its key product pillars – virtual steel mill, transport and virtual car complex. Today, it offers an extensive suite of market-leading products, including iron ore, steel, freight, dairy, petrochemicals, rubber and energy.
William Chin, Head of Commodities, SGX Group, said, “We are delighted to be recognised for our innovation and efforts in building a highly liquid risk management venue that delivers value to our clients particularly during recent bouts of intense market volatility. This award speaks to the trust and support of our customers, and we will continue to work hard in raising the bar as Asia’s most trusted and efficient price discovery venue for key commodities powering global trade.”
