Singapore's local bourse was recognised as Asia Exchange of the Year at the Structured Products Awards 2017. The Structured Products Awards by the Structured Products Magazine hails firms in the structured products industry that showed excellence and resilience and recognises the strongest technology vendors, index and ETF providers, as well as exchanges.
Singapore Exchange was given the recognition for its contribution to the Asian marketplace as it became the first Asian Exchange to offer trading in Daily Leverage Certificates (DLCs) in July 2017. According to a statement from the group, the first set of DLCs listed on SGX were issued by Societe Generale.
The said DLCs offer Specified Investment Products (SIP)-qualified investors an exchange-traded instrument to capture leveraged returns on daily market moves of key Asian indices, including MSCI Singapore, Hang Seng Index and Hang Seng China Enterprises Index.
SGX Head of Equities and Fixed Income Chew Sutat said DLC's have been well-received from investors in Europe. "We are honoured to be recognised by the industry for bringing to Asia a first-of-its-kind product class that has gained strong investor interest in other markets globally," he noted.
He furthered, "Building on this momentum and in keeping up with the evolving investment appetite and needs of Asian investors, we look forward to widening our product suite and continuing our long-standing investor education efforts."
Last year, SGX has also been named the Asia Exchange of the Year by the Energy Risk magazine, another Risk.net publication.
According to a report from the Straits Times, SGX was recognised due to its pioneering of Asia's first electricity futures contract.