SGX named 'Global Exchange of the Year'

THE Singapore Exchange's (SGX's) recent derivatives expansion has brought it an international accolade.

The bourse has been named "Global Exchange of the Year" for the first time by derivatives magazine Futures & Options World, it said in a press release on Monday.

It was lauded for growing its offshore Asian equity derivatives suite, broadening its commodities clearing and over-the-counter (OTC) business and continuing to expand its currency futures portfolio and turnover, the SGX said, adding that it was also given credit for "being at the forefront of global regulatory standards".

The winners for the Futures & Options World international awards are selected by a panel of judges.

"We are pleased that SGX continues to receive industry recognition for our innovation and risk management products and we look forward to enhancing this further through the year ahead," SGX chief executive officer Loh Boon Chye said in a statement.

"The success cited by these awards has only been possible with the support of our partners and customers and we take this opportunity to thank them for this again."

SGX shares rose six Singapore cents to S$7.53 on Monday before its announcement.