The Singapore Exchange (SGX) has been recognised as the Exchange of the Year in the third Regulation Asia Awards for Excellence 2020.

This marks the third time the bourse has received the accolade.

This year's award recognises SGX’s achievements in sustainability and innovation, as well as its initiatives to boost awareness of environmental, social and corporate governance (ESG) and sustainability issues.

See: SGX launches new sustainability platform, pledges $20 mil to initiatives

Other factors cited by the panel of industry experts who served as judges for the award were SGX’s investment in artificial intelligence (AI) to improve market surveillance and its sensitivity to market needs amid Covid-19.

“Covid-19 brought a new set of challenges and we are honoured to be recognised for rising above these to help companies, investors and the marketplace as a whole,” says Tan Boon Gin, CEO of Singapore Exchange Regulation (SGX RegCo).

“Sustainability and technology are very much our focus; we have invested much effort and resource in both. These will help build a marketplace where long-termism dominates, and where the spirit, rather than just the letter, of the law and rules prevails,” he adds.

As at 9.45am, shares in SGX are trading 2 cents higher or 0.2% up at $9.31.