The Singapore Exchange and the Dalian Commodity Exchange shared some of the top awards at the Global Investor Asia Capital Markets Awards 2019.
The most popular winner of the evening was Muthukrishnan Ramaswami, the president of the Singapore Exchange. Ramu as he is universally known is set to retire at the end of September after more than seven years as the president of SGX.
Ramu joined SGX in 2007 after more than 20 years with Citigroup where he held various roles in Mumbai, Hong Kong, Singapore, London and New York.
A popular figure in the derivatives markets, the industry came together at the awards in Singapore on Wednesday to wish Ramu much happiness in his retirement.
The Singapore Exchange also claimed the coveted Exchange of the year award and the Derivatives exchange of the year, reflecting the Asian group’s commitment to continued innovation and the breadth of its coverage that allows its clients to hedge 99% of Asia-Pacific GDP.
The Dalian Commodity Exchange also enjoyed successes at the awards. The Chinese exchange giant claimed the best Commodities Exchange of the year and best Emerging Market Exchange of the year. The exchange has 17 futures and two options contracts which are hugely popular with Chinese onshore derivatives traders.
The Dalian Commodity Exchange also claimed the best New Contract award for its May 4 2018 launch of its international iron ore futures product.
Phillip Futures head Teyu Che Che accepted the Chief Executive of the year after more than 12 years in the role, in which time he has expanded the broker’s business to cover 21 international exchanges.
CME Group won the International Exchange of the year award after growing its average trading volume from Asia by an impressive 29% in 2018.
The LSE Group-owned LCH was the Asian Clearing house of the year and has recently underlined its commitment to the region by setting up a Singapore-based office.
The Shanghai Futures Exchange won the Chinese Exchange of the year, reflecting its comprehensive coverage of base metals, precious metals, oil, rubber and pulp products.
S&P Global Platts was the index provider of the year, AxeTrading claimed the Fixed Income trading system of the year gong and Trading Technologies was the Derivatives trading system of the year.
The Multi-Asset trading system of the year was Charles River, the Technancial Company was the best new Risk Management product while Numerix was voted best new Trading and Execution product, narrowly beating Itarle.
DTCC's Data Repository won the Reporting category and DTCC-Euroclear Global Collateral Ltd's Margin Transit Utility took top spot in the Best New Product - Collateral section.
France’s Societe Generale was the Bank of the year and Citi was the Client Clearing provider of the year.
G.H. Financials was the Non-Bank Broker of the year, ADMIS Singapore Pte. Limited claimed the Commodities Broker of the year prize and MinMetals & Jingyi Futures was the top Emerging Market Broker of the year.
GF Futures was a popular winner of the Chinese Futures Commission Merchant of the year award and CSOP Asset Management won the ETF/ Passive fund manager of the year.