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News

SGX ASIACLEAR® WINS GOLD AWARD FOR ENERGY TRADING & RISK MANAGEMENT, ASIA

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Mr S. Iswaran, Minister of State (Trade & Industry) presenting the Award to Mr Benjamin Foo, Senior Vice President , SGX

The inaugural Energy Business Awards, Asia were presented by Mr S. Iswaran, Minister of State (Trade & Industry), in conjunction with the opening of the 23rd Asia-Pacific Petroleum Conference (APPEC) in Singapore.

Mr Seck Wai Kwong, SGX Senior Executive Vice President and Chief Financial Officer, said, "SGX AsiaClear® is honoured to receive the inaugural Energy Business Award for Excellence in Energy Trading & Risk Management, Asia.  We deeply appreciate the strong support of market participants in using SGX AsiaClear®, which has enabled us to win this award.  SGX AsiaClear® is constantly working towards service excellence and meeting customers' trading and risk management needs.  We look forward to continuing our good partnership with over-the-counter market participants."

The Energy Business Awards, Asia 2007 reward excellence in four key energy business disciplines – to those companies who are making a significant mark on the way energy business is conducted, trading risks mitigated, precious energy resources utilised, energy systems developed, environmental degradation curtailed, energy technology advanced, and energy production and consumption distributed more efficiently and ethically.

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Issued on: 11 September 2007