SINGAPORE, Nov 2, 2012 - (ACN Newswire) - Singapore Exchange (SGX) was recognised as the "Exchange of the Year 2012" at the Asia Risk Awards ceremony held in Hong Kong on 1 November 2012.
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. According to the judging panel, SGX demonstrated "the strongest achievements and developments, across all asset classes and regional bank categories, with a forward-looking approach to clearing and firm commitment on risk management".
As Asia's pioneering central clearing house, SGX is the preferred central counterparty for the clearing and settlement of financial, derivatives and commodity products in both securities and derivatives markets. In 2012, SGX's derivatives open interest reached a record high of over 2.4 million lots and SGX was ranked the world's second fastest growing futures market in open interest terms by the Futures Industry Association.
"We are delighted by this recognition from Asia Risk, and appreciate the feedback from the industry that helped SGX earn this recognition. Customers come to us for a safe and efficient clearing environment, underpinned by Singapore's transparent and well-rated legal and regulatory framework. Our efforts are focused on ensuring that we remain abreast of the rapidly evolving regulatory landscape across Europe and the US, in order to continue to link Asian, European and US customers on one platform" said Mr Muthkrishnan Ramaswami, President, Singapore Exchange.
The award from Asia Risk follows three other industry awards which SGX has recently received from Futures & Options World 2012, a global derivatives publication. These other three awards are "Asian Derivatives Exchange of the Year", "Asian Clearing House of the Year" and "Professional Traders' Asian Derivatives Exchange of the Year".
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 about 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.
Tel: +65 6236 8658
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Tel: +65 6236 8139
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Nov 2, 2012 18:30 HKT/SGT
Source: Singapore Exchange (SGX)
Topic: Awards received
Sectors: Daily Finance, Daily News
From the Asia Corporate News Network
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