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- Leadership in iron ore derivatives, strong growth in petrochemicals among highlights
- New Titan OTC Pro platform enhances efficiency for commodity ecosystem
Singapore Exchange (SGX) has been named “Exchange of the Year” in the Energy Risk Asia Awards for a third consecutive year.
The Energy Risk Asia Awards recognise excellence across Asian commodities markets. SGX accelerated its push to complete the “virtual steel mill” value chain, harnessing its leadership in the iron ore market to combine capital efficiencies across coking coal and freight derivatives. The exchange also posted strong growth in petrochemicals and electricity futures, while the launch of its Titan OTC Pro platform enhanced over-the-counter workflows for brokers, benefitting the commodity ecosystem. Energy Risk, a leading industry publication, unveiled its award winners on 22 November in Singapore.
Michael Syn, Head of Derivatives at SGX, said, “We are pleased to be recognised for our service and performance in several important initiatives, from product to platform innovation. It is only through working closely with stakeholders across the industry that we can transform risk management and bring greater liquidity and transparency to the markets.”
In August, SGX was named “Best FX Exchange in Asia” and “Best FX Clearing House in Asia” by FX Week, following voting by FX and money-market professionals. In September, the exchange picked up the “Exchange of the Year – Derivatives” accolade at FOW’s Asia Capital Markets Awards. SGX was also named “Derivatives Exchange of the Year” by Asia Risk and “Asia-Pacific Derivatives Exchange of the Year” by GlobalCapital, each for a fifth consecutive year.
