SINGAPORE - Singapore Exchange (SGX) has been named 'Asia Exchange of the Year' by Energy Risk magazine, according to a release issued on Monday (Nov 28).

Energy Risk, a Risk.net publication, presented its Asia awards at a gala dinner last week, to recognise excellence across Asian commodities markets.

"We are honoured to be recognised by the industry for our innovation in delivering risk management tools that are essential to support the growth of the world's commodity markets," said SGX chief executive officer Loh Boon Chye, according to a release issued on Monday.

SGX, which pioneered Asia's first electricity futures contract, has expanded its suite of commodity price-discovery tools, most recently in September with the introduction of the North Asia Sling, the second in its series of liquefied natural gas indices.

SGX also remains the world's leader in rubber derivatives, with futures trading over the first half of 2016 rising 66 per cent year-on-year and open interest in June accounting for 64 per cent of the global market, the release added.

It had previously won Exchange of the Year title at the magazine's global awards.