SINGAPORE, Oct 31, 2014 - (ACN Newswire) - Singapore Exchange, Asia's leading exchange and clearing house, won the industry endorsement as the "Derivatives Exchange of the Year" at the prestigious Asia Risk Awards ceremony held in Hong Kong on 30 October 2014.
The Asia Risk Awards was established by Asia Risk magazine in 2000 to recognise best practices and innovation in derivatives and risk management in Asia-Pacific. As Asia's pioneering central clearing house, SGX consistently provides diverse and innovative trading, clearing and settlement solutions for global investors to accelerate their growth and efficiently manage their risk exposures in Asia.
Commenting on their vote of confidence in SGX, Stephane Eglizeau, Chief Executive Officer of ABN AMRO Clearing Bank N.V. Singapore Branch said, "SGX's focus on continually providing innovative value-added products and services has helped develop Asia's capital markets."
"The launch of FX futures and additional MSCI futures on the Thailand, Philippines and India markets in 2013 has shown that SGX continues to be at the forefront of product innovation," said Colin Macfarlan, Managing Director of Prime Services, Listed Derivatives, Credit Suisse Securities (Singapore) Pte Limited.
Mark Wei, Chairman of KGI Securities Co. Ltd added that, "In KGI's global reach strategy, we see SGX as our best partner as we strive to be a leading investment bank in Asia Pacific. Together we create value for our customers."
"We would like to thank our industry partners and customers once again for their relentless support and trust in SGX. As Asia's leading exchange and clearing house, we keep abreast of the evolving global regulatory demands to provide our investors seamless access to all markets via the SGX platform. Customers can continue to rely on SGX to help them navigate through the challenging environment of today and tomorrow and achieve their business goals," said Magnus Bocker, Chief Executive Officer, SGX.
This year, SGX celebrates its 30th anniversary as the first Asian exchange industry to venture into global derivatives trading and clearing marketplace. The endorsement from Asia Risk further augments the industry awards that SGX had recently received from the GlobalCapital Derivative, the Energy Risk Awards, and the FOW Awards for Asia 2014. These awards are "Asia Pacific Exchange of the Year", "Asia Central Counterparty (CCP) of the Year", and "Clearing House of the Year". SGX also won the "Best Innovation by an Exchange" for its SGX Iron Ore Futures and "Best New Contract in Currency" for its INR/USD Futures contract. These awards were presented respectively in London and Singapore.
About Singapore Exchange (SGX)
Singapore Exchange (SGX) is the Asian Gateway, connecting investors in search of Asian growth to corporate issuers in search of global capital. SGX represents the premier access point for managing Asian capital and investment exposure, and is Asia's most international exchange with more than 40% of companies listed on SGX originating outside of Singapore. SGX offers its clients the world's biggest offshore market for Asian equity index futures, centred on Asia's three largest economies - China, India and Japan.
In addition to offering a fully integrated value chain from trading and clearing, to settlement and depository services, SGX is also Asia's pioneering central clearing house. Headquartered in Asia's most globalised city, and centred within the AAA strength and stability of Singapore's island nation, SGX is a leading Asian counterparty for the clearing of financial and commodity products. For more information, please visit www.sgx.com.
Source: Singapore Exchange (SGX)
Contact:
Joan Lew Marketing & Communications Tel: +65 6236 8658 Email: Joan.lew@sgx.com
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