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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".
Contact:
Media Contacts
Joan Lew
Communications
Tel: +65 6236 8658
Email: Joan.lew@sgx.com
Carolyn Lim
Communications
Tel: +65 6236 8139
Email: Carolyn.lim@sgx.com
Topic: Awards
Source: Singapore Exchange (SGX)
Sectors: Daily Finance, Daily News
http://www.acnnewswire.com
From the Asia Corporate News Network
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