Asia Risk Awards considers it the best.
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”.
“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.
Established by Asia Risk magazine in 2000, the Asia Risk Awards recognises best practices and innovation in derivatives and risk management in Asia-Pacific.
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.
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”.
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