– FlexC, Net Total Return offerings cited as innovations that further “futurised” OTC markets
– SGX’s “virtual steel mill” drove strong growth in commodity derivatives
Singapore Exchange (SGX) has been named “Exchange of the Year – Derivatives” at FOW’s Asia Capital Markets Awards in recognition of its innovation in portfolio risk management.
FOW, a publication for the global futures and options industry, cited SGX’s development of FlexC futures in foreign exchange (FX), as well as the rollout of Asia’s first Net Total Return equity-index futures, as innovations that further “futurised” the over-the-counter (OTC) markets. SGX’s “virtual steel mill” – combining efficiencies in iron ore, coking coal and freight derivatives – also drove strong growth in commodities. FOW announced its annual award winners on 20 September in Singapore.
![Michael Syn, Head of Derivatives at SGX](https://theindustryspread.com/wp-content/uploads/2018/05/Michael-Syn-Head-of-Derivatives-at-SGX-300x185.jpg)
Michael Syn, Head of Derivatives at SGX, said, “We are delighted to have earned this accolade with our risk-management offerings, which we have designed with the client in mind: global portfolio investors seeking unmatched access to Asian emerging markets. The region’s continued growth is an opportunity for us to raise the bar and enhance our role as a multi-asset exchange.”
In August, SGX was awarded “Best FX Exchange in Asia” and “Best FX Clearing House in Asia” by FX Week, following voting by FX and money-market professionals. Last week, the exchange was named “Derivatives Exchange of the Year” by Asia Risk for a fifth consecutive year.