The Singapore Exchange (SGX) has bagged two more Exchange of the Year 2021 awards due to the strength of its client offerings. This includes helping market participants manage risk in Asia amid the upheaval in global markets.

Earlier this week, the local bourse reclaimed the “Derivatives Exchange of the Year” at the Asia Risk Awards and was named “Asia-Pacific Derivatives Exchange of the Year” at GlobalCapital’s Global Derivatives Awards for the eighth consecutive year. 

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SGX’s innovation in broadening its multi-asset Asian waterfront of derivatives with strategic partner FTSE Russell, as well as exemplary client service in executing a world-first “liquidity switch” for participants of its Taiwan equity index futures, enabled its win at the Asia Risk awards.

Meanwhile, GlobalCapital cited SGX’s ability to adapt and refocus its business, along with its product leadership in enhancing investor access to Asia’s opportunities.

“We are delighted to be recognised by the industry for rising to the challenge in an extraordinary year of global change and uncertainty,” says Michael Syn, head of equities at SGX.

He adds that the bourse will continue to deliver the most liquid and efficient tools in service of its clients.

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Shares in SGX closed up 7 cents or 0.71% at $9.98 on Sep 30, before the announcement.

Cover image: SGX